Analysis for EURUSD 12-16 Apr 2010

Previous Week 29 Mar - 02 Apr

O: 1.3444 H: 1.3590 L: 1.3383 C: 1.3490

Last Week 5 – 9 Apr

O: 1.3495 H: 1.3538 L: 1.3281 C: 1.3492

Weekly

Daily

Hourly

Expected for the week

• This pair closed as a doji for the week
• We are getting mixed signals for the week.
• Weekly = doji = weak buy
• Daily = bearish channel
• Hourly = messy
• Trichet’s speech over the week helped strengthened the Euro with talks and rumors about Greece receiving help.
• Technical wise, we have 2 important numbers, which may decide how the pair may end for the week.
• 1.3590 has to be broken if we would like to see more buyers coming in (refer to chart)
• 1.3431, 1.3377, 1.3265 are short numbers
• Personally, I would be very careful about trading this pair with tight stop losses

Weekly Fibo

1.3267 – 0.00

1.3708 – 23.6

1.3982 – 38.2

Weekly numbers

Resistance: 1.3707, 1.3745, 1.3783, 1.3980

Support: 1.3492,1.3431,1.3377,1.3267

Fundamentals:

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