Welcome to the start of the week, Surfer friends. Let’s take a look at what the market’s been doing.

How things went yesterday

On Friday prices rose steadily to test the 1.0950 zone. The rise was both consistent and potentially significant and may lead to some interesting opportunities over the coming days.

Technical analysis

Prices are currently on the verge of reaching the support trend line and the 1.0800 zone where it’ll be interesting to see how it behaves. The Pivots are not pointed in any particular direction and are therefore not offering up and real indicators. The DP for its part hasn’t yet been tested.

Plan for the day

The proximity to the support trend line will certainly be a moment worth watching closely. We don’t have a particular sense of which way things will go so we will be keeping our eyes peeled in both directions.

Relevant economic news

None

Wishing you all the bestof luck for the remainder of the day.

Daniele Angellotti

Licensed Trader  | SurfingThePips.com