Analysis for EURUSD Oct 5 - 9

Previous Week (21 – 25 Sep)

O: 1.4702 H: 1.4844 L: 1.4610 C: 1.4668

Last Week (28 Sep – Oct 2)

O: 1.4707 H: 1.4712 L: 1.4480 C: 1.4570

Weekly

Daily

Hourly

Expected for this week:

• Perhaps, risk aversion is what we will be expecting for the week as the fundamentals received for the Non-farm and Factory orders did not bode well for the US Economy.
• Technical wise, we are also seeing a downtrend for this pair from the top down approach.
• We expect 1.4624 to be a huge resistance for this week and if so, 1.4660 will be the next level and it is highly not possible that 1.47 will be revisited.
• We will most likely see the 1.4425 area for the week with 1.4359 acting as a huge support for the push down to 1.4298.

Resistance: 1.4720, 1.4660, 1.4624, 1.4598, 1.4564

Support: 1.4548, 1.4511, 1.4504, 1.4468, 1.4425, 1.4408, 1.4359, 1.4298

Fundamentals:

Mon – Euro/NY session Thu - NY Session Fri – NY Session