Analysis for EURUSD 8 – 12 Feb 2010

Previous Week (25 - 29 Jan)

O: 1.4142 H: 1.4194 L: 1.3861 C: 1.3863

Last Week 1 – 5 Feb

O: 1.3874 H: 1.4026 L: 1.3584 C: 1.3664

Weekly

Daily

Hourly

Expected for the week

• We are still in a downtrend week with this pair falling to over 400 pips.
• Risk aversion is a key phase used by many to explain the strengthening of the dollar coupled with problems arising from Greece to further weaken the Euro.
• We also had some good news for the dollar over the week.
• Nonetheless, technical wise – we may see a lower low if this pair cannot sustain a push above 1.3745 (refer to charts for key areas).
  

Fundamentals:

Wed – NY Thu – NY Fri – EUR/NY