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24th June 2015 | Free Forex Analysis | EURUSD, under 1,1200

 EURUSDM30(15)
EURUSDH4(11)

 

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

 

How did it go yesterday?
Yesterday, the market gave us a chance of trading: we easily reached the TP1 but we got behind the news. However, those who have rightly closed the position, made a profit. Those who decided to keep it opened due to the fact that the market was pushing the release of the news,  took home a TP2. The signal Swing & Relax is, instead,  refused to enter and has been deleted.

 

Technical analysis

The price is traveling below 1.1200 level and it is squeezed between the support and the resistance trendline. Today, the shape of the triad DWM is no longer bullish but it is back to neutral. The DP has already been tested
Plan of the day

Our bias is slightly bearish: however, we must keep in check the two trendlines to see the opportunity to enter the market. Be aware of the Eurogroup meeting: we would trade  only under certain conditions and at a moderate risk

 

Relevant economic news:

All Day EUR Eurogroup Meetings
2:30pm USD Final GDP q/q

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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