Previous Week (12 – 16 Oct)
O: 1.4719 H: 1.4967 L: 1.4676 C: 1.4894
Last Week (19 – 23 Oct)
O: 1.4893 H: 1.5060 L: 1.4828 C: 1.4995
Weekly
Daily
Hourly
Expected for this week:
- We are still in a bullish trend and have surpassed the 1.5 mark.
- Longs were protected at the 1.5100 levels as we saw a high at 1.5060.
- 1.5092 has not been taken out and though it may seem unlikely for the week, it is definitely not impossible.
- 1.5 levels to watch for will be 1.5060 and 1.5092.
- If 1.5092 is broken, look for 1.5103, followed by 1.5143, 1.5205, 1.5243, 1.5288 but with tight stop losses.
- On the reversal side, we may probably see more selling commitment if 1.4945 is broken.
- If 1.4849 is also successfully broken, then we can probably expect a low of 1.4701 for the week.
Resistance: 1.5288, 1.5243, 1.5205, 1.5143, 1.5103, 1.5092, 1.5069, 1.5046, 1.5007
Support: 1.4969, 1.4946, 1.4908, 1.4849, 1.4838, 1.4766, 1.4701
Weekly Fibo:
1.5060 00.0
1.4748 23.6
1.4563 38.2
1.4407 50.0
1.4250 61.8
Daily Fibo:
1.5060 00.0
1.4925 23.6
1.4838 38.2
1.4766 50.0
1.4701 61.8
Fundamentals:
Mon – Eur Tue – Eur/NY Wed – NY Thu – Eur/NY Fri – Euro/NY
