Previous Week 14-18 June

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

Last Week 21-25 June

O: 1.2414 H: 1.2467 L: 1.2209 C: 1.2384

Expected for the week:

§ On the weekly, this pair is “barely out” of the downward trend so there is no strong indication of any biasness at this PA.

§ On the daily, I’d like to see a true break above 1.2461 which, may give us 1.2569, 1.2646 (23.3 Fibo).

§ On the hourly, the pair has rejected R1 @ 1.2377 with R2 @ 1.2406.

§ We might see the week consolidate if there is no true break either above 1.2461 or below 1.2258.

§ Trade the S&R with tight stops and if there is no setup, it will be better to wait on the side during the early part of the trading week.

Bulls:

1.2359, 1.2461, 1.2569, 1.2645 (23.6 Fib)

Bears:

1.2295, 1.2258, 1.2156, 1.2109, 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)

Mon:

EUR Zone – EUR news

USD Zone – USD news

Tue:

EUR Zone –CHF/GBP news

USD Zone – USD news

Wed:

EUR Zone – EUR/GBP/CHF news

USD Zone – EUR/USD/CAD news

Thu

CAD Holiday

EUR Zone - GBP news

USD Zone – USD news

Fri

EUR Zone –GBP/USD news

USD Zone – EUR news