Previous Week (Oct 26 - 30)

O: 1.4992 H: 1.5063 L: 1.4682 C: 1.4720

Last Week (Nov 2 - 6)

O: 1.4705 H: 1.4917 L: 1.4625 C: 1.4845

Expected for this week:

We do not have a clear direction on this pair except that the 1.4930 will be a huge resistance area on this pair as we saw a triple top (area) on the daily with a high of 1.4917 for the week.
We would expect the pair to try and trade towards the 1.4930 area again and if that fails, we will see a consolidation around the 1.4845 (38.2 Fib) area.
If trade below 1.4802 after consolidation, we can expect to see 1.4742 with a possible low of 1.4596 for the week.

Resistance: 1.5046, 1.5007, 1.4975, 1.4934, 1.4909

Support: 1.4868, 1.4827, 1.4802, 1.4771, 1.4761, 1.4742, 1.4684, 1.4617, 1.4596

Daily Fibo:

1.5063 00.0

1.4924 23.6

1.4837 38.2

1.4771 50.0

1.479 61.8

Fundamentals:

Tue – Eur Wed – French/US Holiday Thu – NY Fri – Eur/NY