Dear Surfer friends, here we are with our usual daily analysis.

How did it go yesterday?

Yesterday, we assumed that the encounter between the price and the trendline drawn on the H4 chart has finally happened. Thus, It is no coincidence that  the price is still waiting.

Technical analysis

the price is on the convergence of the trend line with the  psychological level of 1.1000. This is an area of resistance extremely important that could give an increase in volatility. Keep in mind that the DP has not been yet tested and that the  DWM is approximately bullish.

Plan of the day

Clearly we need to keep under control the level of 1.1000 but considering all the aspects we just mentioned. We don’t have clear references , therefore, we need to be more cautious. You must  pay attention as well to the 8PM news: it is true that  our operations have ended already, but this kind of news makes the financial market nervous.

Significant economic news

2:30pm USD Advance GDP q/q

8:00pm USD FOMC Statement

USD Federal Funds Rate

SurfingThePips staff wishes you all a fruitful day.

Daniele Angellotti

Certified Trader | SurfingThePips.com