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28 April 2014 | Free Forex Analysis | EURUSD : GUESSWORK ONLY GAME IN TOWN

Happy New Week Surfers.

Yesterday’s Report

A 21 pip range completed an incredibly uneventful trading week for EUR/USD. An entire week of trading failed to move outside a 69 pip Hi/Lo. The Inaction stretching further, the “fortnight of fizz” that began on April 14th, when the market gapped Short. The range since, has been only 79 pips.

Technical Analysis
I know the markets have been this quiet previously but I’m struggling to remember a solid fortnight with as little action. Accordingly, the Pivots are still very compressed and lacking in formation. It therefore is still total guess work as to a breakout direction so we simply watch & wait and trust our Hotspots deliver the goods.
The Day Ahead
In the absence of a Crystal Ball, it’s completely as above – wait patiently. Apologies for lack of charts today – my screen capture tool has crashed. I will send later when back online. (No big changes from Thursday however).
High Impact News

4:00pm USD Pending Home Sales m/m
Magic Monday all.
Geoff Pyne  

CERTIFIED TRADER

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