Analysis for EURUSD Oct 19 - 23

Previous Week (05 – 09 Oct)

O: 1.4597 H: 1.4817 L: 1.4592 C: 1.4703

Last Week (12 – 16 Oct)

O: 1.4719 H: 1.4967 L: 1.4676 C: 1.4894

Weekly

Daily

Hourly

Expected for this week:

• Last week, we had a triple top @ 1.4963.
• We are still in a bullish trend and may expect for a push above 1.5
• We have not seen any decent reversal/retracement for this pair and the question is will there be any or will this just be an upward trend.
• Nonetheless, 1.4963 is still an important level and any push above that would null any reversal for the week.
• Looking at levels, consolidation have been between 1.4967 – 1.4845.
• Even though the trend is bullish, no clear pattern have emerged and we’ll be looking at Monday’s open price to gauge where this pair will be heading on the daily.
• Would avoid intraday and go for scalps at major S&R which will be highlighted.
• If trend continues upward, we can expect a high of the week @ 1.5092
• If the pair decides to reverse, we can expect 1.4689.

Resistance: 1.5092, 1.5045, 1.4995, 1.4967, 1.4919

Support: 1.4871, 1.4842, 1.4797, 1.4765, 1.4718, 1.4689

Fundamentals:

Mon – Tokyo/NY Tue – NY Thu - NY Fri – Euro/NY