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Tuesday, August 25, 2009

Analysis for EURUSD 24 – 28 Jul

Apologies for the late update. Here's the gist without the charts:

Previous Week (10 – 14 Aug)

O: 1.4193 H: 1.4327 L: 1.4086 C: 1.4189

Last Week (17 – 21 Aug)

O: 1.4166 H: 1.4376 L: 1.4045 C: 1.4336


Expected for this week:

  • Initial bias is still bullish but we can expect a retest back to 1.4275.
  • If that area is broken, expect huge support at 1.4206.
  • If 1.4206 is not broken, look for longs with TP at the 1.43+ area with a possibility of 1.4444 as a high.

Resistance: 1.4275, 1.4304, 1.4338, 1.4387, 1.4444

Support: 1.4250,1.4206, 1.4192

Fundamentals:

Tue – NY Session Wed - Euro/NY Session

Thu – Euro/NY Session Fri - NY Session



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