Analysis for EURUSD 30 Nov – 4 Dec

Previous Week (Nov 16-20)

O: 1.4956 H: 1.5015 L: 1.4800 C: 1.4860

Last Week (30 Nov – 4 Dec)

O: 1.4868 H: 1.5143 L: 1.4827 C: 1.4967

Weekly

Daily

Hourly

Expected for this week:

• This pair made a higher high and higher low on the weekly so we may have some bullish expectations for the week
• However, the huge rejection shows that the pair is rather unclear as to where it will be heading for the week.
• Moreover, the “Dubai” news rattled the markets a little so fundamentals did play a part in making the dollar stronger due to risk aversion.
• With numerous data due for the upcoming week, we may be in for a ride on this pair as we will be seeing a mix of sideways movements and wild swings on this pair.
• Keep a tight stop loss and modest TP.
• We will see 1.4950 being revisted often as this pair decides on a clear footing.

Resistance: 1.5215, 1.5144, 1.5090, 1.5063, 1.5022,

Support: 1.5011, 1.4984, 1.4966, 1.4933, 1.4884, 1.4865, 1.4827, 1.4732, 1.4477

Weekly Fibo:

1.5143 100

1.4986 61.8

1.4890 50.0

1.4810 38.2

1.4732 23.6

1.4477 00.0

Fundamentals:

Tue – EUR/NY Wed – NY Thu – EUR/NY Fri - NY

Analysis for EURUSD Nov 23-27

Previous Week (Nov 9-13)

O: 1.4865 H: 1.5048 L: 1.4820 C: 1.4920

Last Week (Nov 16-20)

O: 1.4956 H: 1.5015 L: 1.4800 C: 1.4860

Weekly

Daily

Hourly

Expected for this week:

• This pair made a lower low and a lower high on the weekly so we may have bearish expectations for the week.
• The charts are pretty much self-explanatory and we will be looking for breaks on the trendlines.

Resistance: 1.5092,1.5070, 1.5017, 1.4974, 1.4947

Support: 1.4903, 1.4860, 1.4833, 1.4789, 1.4696, 1.4578

Weekly Fibo:

1.5062 100

1.4892 61.8

1.4841 50.0

1.4790 38.2

1.4724 23.6

1.4622 00.0

Fundamentals:

Mon – Tokyo Closed/ EUR/NY Tue – EUR/NY Wed –NY Thu – EUR/NY Close