Analysis for EURUSD 5-9 Apr 2010

Previous Week 22-26 Mar

O: 1.3512 H: 1.3569 L: 1.3266 C: 1.3414

Last Week 29 Mar - 02 Apr

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

Weekly

Daily

Hourly

Expected for the week

• 1.3434 was broken and this pair closed at 1.3490.
• We also had a higher high and higher low for the week.
• The trend seems to be pointing up for the week.
• Friday was a public holiday for Australia and Europe.
• The news for the US Non-farm was bad yet the dollar strengthened.
• Not sure what to make for Friday’s close and on the daily.
• Key number for this week is 1.3590.
• If broken, we hope to see 1.3707, 1.3783, 1.3980.
• Below 1.3432 and we’ll probably see more sellers coming in to bring us down to 1.3269 and possibly lower.

Weekly numbers

Resistance: 1.3707, 1.3745, 1.3783, 1.3980

Support: 1.3432, 1.3269

Fundamentals:

Mon – Hol except Japan & NY/NY Wed – EUR/NY Thu –EUR/NY Fri –EUR /NY