G’day Surfers, welcome back!
Yesterday’s Report
Well, what can one say – Bank Holidays in both London & New York mean’t we took the day off also and a quick look at the market, vindicates that position. Absolutely no liquidity nor movement with EUR/USD ranging a mere 33 pips and becoming the second doji day in succession.
Technical Analysis
That situation makes analysis a little tricky today as the market decides if our Daily Critical Zone (DCZ) of 1.2909 is Support OR Resistance.
Already tested today, Daily Pivot remains between Monthly & Weekly, depicting a mixed or consolidating market. Short Term, it’s difficult to argue with that despite Longer Term pressure on the cross.
The Day Ahead
With no sign of a Short Term trend and Mixed Pivots, I will be guided by Price Action with regards direction. Until clarity arrives, small stakes on good setups at Hotspots is the order of the day.
High Impact News – C.E.T.
| 4:00pm | USD | CB Consumer Confidence |
Have a great Tuesday guys.
Geoff Pyne
CERTIFIED TRADER
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