Forex Signals – Euro On A Wild Ride

Technical Analysis

The much anticipated Eurzone Summit announcements came out rather uneventful, there were no real surprises or disappointments for market to move in either direction with confidence. Daily chart once again finished in Doji clearly depicting the “undecided” market sentiment.

(click to enlarge)

As we can see from the daily EURUSD chart, price finished with another doji in a row. Also note price is moving between high and low created by Monday candle and so far it is has not been able to break above or below.

Forex Signals

Keep an eye on London open today, that’s when we will see more reaction since most of the important headlines came after the close of London session yesterday.

Today we will be watching 1.3955 for Longs and 1.3800 for Shorts. Wait for price to break out beyond these level and then look for a re-test to enter in the direction of breakout.

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