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27 February 2014 | Free Daily Analysis | EURUSD : BEARS BREAK BARRIER

DB 2702 H4
DB 2702 M30

G’day Surfers – EUR/USD back below 1.3700.

Yesterday’s Report

Just when I thought 1.3700 was behind EUR/USD for the time being – CRASHHH, straight back through it. Not prior to an entirely boring 4 hours of London Session however and without inviting us on the run. No trades.

Technical Analysis


With PA ducking back below 1.3700, DP has dipped below WP to create a mixed Pivot formation. Given that I have had no bias for the week, you’ll not be surprised to learn that this scenario is of no assistance. DP being untested is really the only pointer I have, as to direction and it sitting above PA, right on top of 1.3700 suggests that there’ll be at least some bullish activity today.

The Day Ahead


Happy to trade the DP Test if it sets up but entirely open to suggestion from PA today
despite a little whisper in my ear that says Long!!

High Impact News – CET


USD Core Durable Goods Orders m/m
USD Unemployment Claims
4:00pm USD Fed Chair Yellen Testifies

Have a great day everyone.

Geoff Pyne  


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