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30th June 2015 | Free Forex Analysis | EURUSD, under 1,1200, no more gap

 EURUSDH4 (10)
 EURUSDM30 (10)

Dear Surfers, Let’s take a look at the market:

 

How did it go yesterday?
As we analyzed yesterday the price ended to fill the opening gap; volatility has returned. Eur/usd rose without pause to the level 1,1300 . No signal for us.

 

Technical analysis

At the moment the price is moving slightly under the 1,1200 showing us a bit of uncertainty.
The already tested DP has become a magnetic level, in fact the price is oscillating around it.
The neutral positioning of the DMW triad is not giving us any further information.
Plan of the day

We will try to use the support trendline on its first touch. If the price will rise again to the resistance, we will switch to a larger timeframe to spot profitable opportunity.

 

Relevant economic news:

4:00pm USD CB Consumer Confidence

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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