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26 August 2013 | Free Daily Analysis | EURUSD : LONG WEEKEND / ENJOY!

Happy New Week Surfers.
Yesterday’s Report

A boring Friday market delivered very little until late NY Session saw a 65 pip rally taking Price Action back above the now broken/re-tested/re-broken Resistance Trendline. The Bullish Trend continuation didn’t materialise however as the day closed a mere 21pips higher than it began.

Technical Analysis

The only change to report is that Daily Pivot has crossed Weekly to the South, giving us mixed signals. On a UK Bank Holiday, I would suggest the MIXED scenario, is very pertinent.

The Day Ahead

When the World’s biggest FX Market (London) is celebrating a Bank Holiday, we join them. The Brokers will be open of course, but the Traders will be having the day off. Unpredictable liquidity/volatility is usually the result – be very careful if you’re not having the day off with us.

Normal services will resume tomorrow.

Enjoy the extended break.

Geoff Pyne  

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