Long hiatus

Sorry for the long hiatus guys ... will be tying some loose ends on my side and am gearing towards long term trades as opposed to intraday-scalping.

Trade safely as always :)

Analysis for EURUSD 5 – 9 Jul 2010

Previous Week 21-25 June

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

Last Week 28 Jun – 2 Jul

O: 1.2385 H: 1.2611 L: 1.2151 C: 1.2548

Weekly

Daily

Hourly

Expected for the week:

§ We have a “V” on the weekly.

§ A top form to complete that V formation will be at 1.2646 (23.6).

§ Breaking that resistance may give rise to 1.2798, 1.2893, 1.2957, 1.3001, 1.3122 (38.2).

§ On the daily, we might see a rejection at 1.2646, low at 1.2353 and then a rise again to 1.2626 and if break, 1.2798.

§ Hourly, we saw the bulls waking up due to bad news from the US.

§ We will not speculate if this is the start of a new trend as we have been bearish for many months but the numbers to watch this week will be:

Bulls:

1.2547, 1.2646 (23.6 Fib), 1.2798, 1.2893, 1.2957, 1.3001, 1.3122 (38.2).

Bears:

1.2415, 1.2353, 1.2282, 1.2200, 1.2144

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/GBP news

USD Holiday

Tue:

USD Zone – USD news

Wed:

USD Zone –CAD news

Thu

EUR Zone – EUR/GBP news

USD Zone – EUR/USD news

Fri

EUR Zone –EUR/GBP news

USD Zone – CAD news