Analysis for EURUSD 31 Aug – 4 Sep

Previous Week (17 – 21 Aug)

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

Last Week (24 – 28 Aug)

O: 1.4338 H: 1.4406 L: 1.4206 C: 1.4300

Weekly

Daily

Hourly

Expected for this week:

• We are more inclined to see this pair trading up when the market opens with a limited upside to 1.4331, followed by 1.4380.
• If that is broken, look for 1.4403 followed by 1.4444.
• More rewards can be expected from selling on retests.
• Therefore if the 1.44+ area is reached, look to sell, keeping a stop loss at around 1.4465
• Expected levels for TP on sells below the 1.4331 level are 1.43, 1.4260, 1.4216 and possibly 1.4144.

Resistance: 1.4331, 1.4304, 1.4444, 1.4518

Support: 1.4260, 1.4219, 1.4144

Fundamentals:

Mon – London closed Tue – NY Session

Wed - NY Session Thu – Euro/NY Session Fri - NY Session