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5th August 2015 | Free Forex Analysis | EURUSD experienced a big fall yesterday

 

 

 

 

EURUSDM30(5)

 

EURUSDH4(5)

 

Dear Surfers,

Let’s take a look at the market.

How did it go yesterday

Yesterday, the price went down,  in a violent way, more than 100 pips. We sent a signal intraday, closed in free trade for a few tenths of a pip and one Swing & Relax with TP1 that has been brought home. Moreover,  the stop-loss has been moved to Breakeven

Technical analysis

Today the price is indecised  ,concretely when  there are  intense reductions or increases . The DP has not been tested as the triad remains in its bearish configuration. For now the price is being held at the 1.0900 area.

Plan of the day

We will check whether the money will go to test the DP before falling back towards the hot area that we have identified. We need to keep an eye to the news from this afternoon because they could shake up the market  in a dangerous way

 

Significant economic news

2:15pm    USD        ADP Non-Farm Employment Change
2:30pm    USD       Trade Balance
4:00pm    USD       ISM Non-Manufacturing PMI

 

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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