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7th July 2015 | Free Forex Analysis | EURUSD, under 1.1000

 EURUSDH4(4)

 

 

EURUSDM30(4)

 

 

 

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

How did it go yesterday?

Yesterday, the price moved 120 pips and went up and down like there was no tomorrow. However EURUSD remained confined within the trendline that we indicated. No signal for us.

Technical analysis

Today the price broke the support area 1.1000 and is holding below this value. In fact the price is interacting with a trendline support and it doesn’t excluded a rebound. However, the DP has already been tested and the triad continues to suggest further declines.

Plan of the day

Despite that triad intends to push southward, the price might go first to intercept a trendline resistance where we could possibly identify trading opportunities. Here, all this in a normal scenario. But today  we will look at the Meeting with the  Eurogroup. Then we will refrain from any trade unless there are some evident opportunities.

 

 Relevant Economic news:

All Day EUR Eurogroup Meetings
All Day EUR Euro Summit
2:30pm USD Trade Balance

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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