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3rd August 2015 | Free Forex Analysis | EURUSD on the rollercoaster

 

EURUSDH4 (1)

EURUSDM30 (1)

 

Dear Surfers, i hope you had a nice week end and you are ready for a profitable week.

Let’s take a look at the market.

 

How did it go yesterday

Friday the volatility has been high, in fact the price tested the 1.1150 level with a range of 200 pips. The most surprising thing is that EurUsd went back, in only two hour, from 1.1150 to 1.095.

 

Technical analysis

Today the prices are moving slowly, but we still need to remain on guard. Eur Usd is playing around  the 1.095 area, the DMW triad is pointing down and the DP has already been tested.

 

Plan of the day

We are slightly bearish, so we will prefer short trades, without discarding long opportunity.


Significant economic news

4:00pm    USD        ISM Manufacturing PMI

 

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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