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31 March 2014 | Free Forex Analysis | EURUSD : SUPPORT ARRIVES FOR NFP WEEK

DB 3103 H4
DB 3103 m30

Happy New Week Surfers.

Yesterday’s Report

 

EUR/USD paid 1.3700 a brief visit on Friday and found Support in the psychological level, that coincided with Monthly Pivot. PA bounced, closing the day 18 pips positive but the week, 42 pips negative. It being Friday – no trading for us.

Technical Analysis

 

DP is well tested as we begin NFP week, but lies between Weekly & Monthly, creating a Mixed Pivot formation. Still I see no immediate direction indicator and Monday of NFP week, is traditionally a quiet day. Without bias, I will keep risk very small and wait for the market to decide where we are headed.

The Day Ahead

 

As above – not overly keen to jump in just yet but as always, if the signal comes – we trade!

High Impact News – CET

11:00am EUR CPI Flash Estimate y/y
3:55pm USD Fed Chair Yellen Speaks

 

Magic Monday everyone.

Geoff Pyne  

CERTIFIED TRADER

 
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