Analysis for EURUSD 18-22 Jan 2010

Previous Week (4 – 8 Jan)

O: 1.4315 H: 1.4483 L: 1.4256 C: 1.4416

Last Week (11-15 Jan)

O: 1.4464 H: 1.4579 L: 1.4335 C: 1.4378

Weekly

Daily

Hourly

Fundamentals:

Mon – NY Close Tue – EUR/NY Wed – EUR/NY Thu – All sessions

Analysis for EURUSD 11 – 15 Jan 2010

Previous Week (28 Dec – 1 Jan)

O: 1.4375 H: 1.4458 L: 1.4272 C: 1.4317

Last Week (4 – 8 Jan)

O: 1.4315 H: 1.4483 L: 1.4256 C: 1.4416

Weekly

Daily

Hourly

Expected for this week:

• There is no definite trend for this pair as it trades between the 1.4284 and 1.4447 area rather aimlessly.
• Therefore, it may probably be more prudent to wait for a (true body) break below or above these numbers to catch a better trading opportunity.
• Below 1.4284 = 1.4194, 1.4163, 1.4113
• Above 1.4447 = 1.4502, 1.4557, 1.4612

Fundamentals:

Mon – Japan Close Tue – NY Wed – NY Thu – NY (multiple news) Fri - NY

EURUSD in 2009

The year started with a huge downclose on the monthly chart (Jan 09)

O: 1.3997 H: 1.4025 L: 1.2765 C: 1.2804

The year ended with a medium downclose (Dec 09)

O: 1.5033 H: 1.5141 L: 1.4216 C: 1.4326

Short Scenario

Long Scenario