EURUSD Jan 19-23

Weekly

O: 1.34583 H: 1.34590 L: 1.30269 C: 1.32880

QQE: 43.99

Daily

• The daily has been a good indicator of the prices for this pair last week as it has been trading along the trendline.
• On the daily, we can see a closing wedge and 1.30407 which was the low for the week seems like a good support for now.
• This point can also be used as a Price Action.

QQE: 43.05

Hourly

• Riddled with spikes, you would have done a very good job if you scalped quickies as depending on your entry point, you may have gotten stopped out.
• Nonetheless, we can see that the market is ripe for a trade up on Monday though we do not expect a huge move up.
• I will look at 1.34263 as a strong resistance before it decides for a push further up. If it cannot be broken, be prepared to sell down to at least 1.31 again.

QQE: 58.08

Scalping quickies may be wise for this week.

Fundies

• Nothing interesting on Monday and US is closed for a Bank Holiday
• Tuesday onwards, biggies coming out for the whole week when London opens.