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29 October 2013 | Free Daily Analysis | EURUSD : ENOUGH PULLBACK?


G’day Surfers – Are we there yet??

Yesterday’s Report,

Like so many Monday’s before it, yesterday produced…..well……not much at all! A 42 pip range and a 20 pip fall is how it will be recorded so I see not much point in trying to analyse it – forget it happened!

Technical Analysis

 

The charts look a little more pleasing to the eye in respect of some pullback having occurred but is it enough, to enable Price Action to gather sufficient momentum to break 1.3815? EUR/USD has traded inside an 89 pip range since the NFP announcement a week ago. A tested Daily Pivot still leads a Bullish Pivot formation so Longs must be favoured. Still have this lingering pullback feeling though!

The Day Ahead

 

Maybe the BIG retracement is not ready – I’ll be looking Long but keeping a keen eye Short, in case it IS ready.

High Impact News – CET

 

1:30pm 

USD Core Retail Sales m/m
USD PPI m/m
USD Retail Sales m/m
3:00pm USD CB Consumer Confidence

Terrific Tuesday everyone.

Geoff Pyne  
CERTIFIED TRADER
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