Dear friends;

Let’s take a look at the market

How did it go yesterday:

Yesterday the market went straight to test the trendline resistance (now support) that was broken the day before. We have included two orders, the first expired and the other went to  profit in a short time just before the expected news.

Technical analysis

The price is doing what it wants, and today it  is a confirm. Indeed EURUSD seems to have returned, with all the honors, in the daily  channel that we mentioned in the past weeks. Fortunately, our strategy, gives us satisfaction. Today the DP has not been tested and it is located over the actual price. The triad DWM, meanwhile, continues to insist for further increases.

Plan of the day
Today is a special day because of the Jackson Hole Symposium, an event where the main bankers around the world gather to discuss the ‘future’ and to determine the performance of the economy. It is an event that will move the markets  so we pay attention.

Significant economic news

2:30pm  USD       Prelim GDP q/q
USD       Unemployment Claims
Day 1      ALL         Jackson Hole Symposium

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com