Dear surfers, welcome to our new trading week. Let’s take a look at the currency market.
How did it go yesterday?
On Friday, the price action was substantially below 1.0900, a resistance quite interesting which
could be returned as a main actor in the coming hours.
Even though the price action is still far to be considered as “safe”, the price today remains below
1.0900. However, the week opens with a DWM closer than usual; the pivots are almost
superimposed. Although lacking very few pips, the DP has not yet been tested.
Plan of the day
We are waiting to see if the price will decide to test the DP. However, keep in check the key levels of
1.0900 and 1.0800 which could be taken by buyers (bulls) and sellers (bears) respectively.
Relevant economic news
Anything relevant to add today.
SurfingThePips staff wishes you a fruitful day.
Certified Trader | SurfingThePips.com