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27th April 2015 | Free Forex Analysis | EURUSD waiting for the DP test

EURUSDH4

EURUSDM30

 

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.

 

Technical analysis

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.

Daniele Angellotti

Certified Trader | SurfingThePips.com

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