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.
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