Surfer friends, here we are again with our daily analysis.

How did it go yesterday?

Interesting day yesterday with the rise of the price, leading to a violent break of the level 1.1100 . As usually, the level has been re-tested. Due to some important news, we have avoided, following our rules, to take an interesting opportunity which ended up being profitable.
Technical analysis

The price is located just below 1.1200: interesting time to assess the possible rupture of this level. The DP has already been tested and the configuration of the DWM remains around the same length as yesterday. Due to the violence rise of the price, it is hard to find a reliable hotspots to operate.

Plan of the day

We will try to identify any opportunities despite the difficulties of the scenario. Anyway we will modulate the risk accordingly.
Important economic news

2:30pm USD Unemployment Claims

 
SurfingThePips staff wishes you all a fruitful day.

Daniele Angellotti

Certified Trader | SurfingThePips.com