Dear surfers, welcome to our new trading week. Let’s take a look at the currency market.

How did it go yesterday?

Even though the scenario was promising yesterday, we experienced a cost. In reality, the

trendline that we have worked on is still valid and could represent an opportunity.

Technical analysis

The price is definitely going into the direction of the trendline which we have marked out

several months ago. If EURUSD reaches again the area of resistance, there could be more

opportunities.

The DP was already tested. Moreover, although W and M are substantially overlapped, the

DWM seems to suggest long positions.

Plan of the day

The encounter of the price with the trendline drawn on the H4 chart makes the scenario more

interesting.

Relevant economic news

4.00pm USD CB Consumer Confidence

The staff of SurfingThePips wishes you all a fruitful day.

Daniele Angellotti

Certified Trader | SurfingThePips.com