G’day Surfers,

Finally, some positive action with yesterday’s Ecosummit decisions sending World Financial Markets into a buying frenzy earlier today. Does it solve the problem……….mmmmm?

Yesterday’s Report

Bad numbers from Germany were the catalyst for yet another EURO dive mission in early London Session and from that point forward, consolidation was the name of the game. The news left us high and dry, without any hope of entry. NO ENTRY, NO LOSS, NO PROBLEM.

Technical Analysis

In the FX Trading Match of the Day – it’s Fundamentals 2 -vs- Technicals 0. I concede the Match and declare the market open to Fundamental Analysts. There’s no line that I can bend, no conclusion that I can draw, that will make any technical sense of what has occurred this last 24hrs. One things for sure – “ the gap” between Daily & Weekly Pivots we were waiting to close –has! Well played Euro Leaders, enjoy your day in the Sun.

The Day Ahead

Knowing the Surfing The Pips Strategy, is to know that Fridays are reserved for polishing our boots, making them ready to take on the world’s best on Monday. Our reasoning can be found right here: http://surfingthepips.com/surf-pre-school-third-part/

Have a great weekend everyone and as the Dalai Lama so wisely offered:

Geoff Pyne | Certified SurfingThePips.com Trader