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!