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.
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