Dear Surfer Friend, Let’s take a look at the market.
How did it go yesterday?
Yesterday we were suffering from a poor market liquidity so we didnt take action. The EURUSD has been in a good and pacefully area arround the 1.1000 level without any intentions to move.
Since this morning, the EURUSD approcah slowly the 1.0900 level where we can take advantage of the price action. For very few pips, the DP may be considered untested even though, in practice, it seems tested .We need to point out , however, that the price is positioned around DS3 which indicates that the price is oversold.
Plan of the day
The price is biased downwards and it may have a retracement. Our philosophy is clear: do not make predictions but follow the money in its evolution. And we will do it again today.
Significant economic news
2:30pm USD Core Durable Goods Orders m/m
4:00pm USD CB Consumer Confidence
SurfingThePips staff wishes you all a fruitful day.