Pip EUR Trade !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Another day filled with financial news filled the markets today in UK & Europe. Interest rates down and commitment to print "Lot's of" new currency. Tomorrow brings news from the other side of the pond with Non Farm Payroll (NFP). A good time to take 2 days off because of the market's habit to do strange things.

Our cross that we followed this week retraced back everything that went up yesterday.

We have 142 pips below us before we see a double bottom or break through, and I will not need to remind those "Dynamic Traders" what methods are needed to employ in these situations.

MACD remains flat, both histogram and signal line, possible short term "convergence".

Stochastic s OS with false reading indicated, however showing short term "convergence" as too does RSI.

Is the convergence going to swing price upwards ?
Will price continue to fall towards support and give a double bottom before changing direction ?

Have a a safe day in the markets those that venture in and I will speak to you all again on Sunday night.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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