Analysis for EURUSD 21-25 June 2010

Previous Week 7-11 June

O: 1.1929 H: 1.2152 L: 1.1875 C: 1.2093

Last Week 14-18 June

O: 1.2204 H: 1.2416 L: 1.2162 C: 1.2372

Weekly

Daily

Hourly

Expected for the week:

§ Weekly and daily bullish. Hourly falling wedge

§ Weekly: V-recovery limited to 23.6 Fibo @ 1.2645

§ Daily, we need a close above 1.2454 to see 1.2527, 1.2597, 1.2645, 1.2674.

§ Hourly we have a falling wedge formed which may see a break above 1.2411 to give us 1.2452, 1.2517, 1.2597, 1.2645

§ Break below the falling wedge at 1.2346 may give us 1.2281, 1.2240, 1.2175

§ Sentiment is bullish but take heed about the fundamentals over the weekend about Estonia and the Chinese yuan which may give us some surprising numbers when the market opens for the week.

Bulls:

1.2454, 1.2597, 1.2645 (23.6 Fib)

Bears:

1.2240, 1.2175, 1.2043, 1.1932, 1.1874 (0.00)

2006 numbers

1.2404, 1.2334, 1.2190, 1.2029, <1.1965> 1.1949, 1.1913, 1.1869, 1.1781

Fundamentals (based on +8GMT)

Tue:

EUR Zone – EUR/GBP news

USD Zone – USD news

Wed:

EUR Zone – EUR/GBP news

USD Zone – EURUSD/CAD news

Thu

EUR Zone - EUR news

USD Zone – USD news