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7th May 2015 | Free Forex Analysis | EURUSD a good profit for us

EURUSDH4 (7)

EURUSDM30 (7)

 

Dear Surfer friends, let’s take a look at the market.

How did it go yesterday?
Yesterday was marked by the break of the trendline we spoke on previous analysis. we took advantage of this break with an S & R signal that has sidelined the TP1 that now has the stop loss at breakeven and has a good profit … We will see what will happen later.

Technical analysis
Today the prices was rejected by the 1.1400 level. Take into account that DP is not tested yet and that the triad is pointed upward. There are two conflicting signals which still have to be monitored. We have a pretty good trendline support where the price might decides to move.

Plan of the day
Our leanings is slightly short to try get the DP , bu carefullyl . It also urges resistance at the 1.1400 level which could help us out reaching the DP.
Relevant economic news
past
2:30pm USD Unemployment Claims
SurfingThePips staff wishes you all a good afternoon.

Daniele Angellotti

Certified Trader | SurfingThePips.com

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