Analysis for EURUSD 15 – 19 Mar 2010

Previous Week 01-05 Mar

O: 1.3638 H: 1.3736 L: 1.3433 C: 1.3620

Last Week 08-12 Mar

O: 1.3636 H: 1.3795 L: 1.3536 C: 1.3760

Weekly

Daily

Hourly

Expected for the week

Last Week’s levels:

• Resistance: 1.3650, 1.3712, 1.3745, 1.3800, 1.3894
• Support: 1.3620, 1.3531, 1.3428, 1.3388
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• Last week closed as a bull with 1.3745 breached.
• The next hurdle now is the 1.38 levels (50.0 Fib) which, will probably see us to 1.4008
• We may still be in a consolidation area next week if this pair fails to close above 1.38 and trades below 1.3745.
• 1.3656 will be a very important level if we get there this week as that may null all bullish sentiments and set us off for a rangy week with more sellers coming in the market.
• See charts for levels.
  
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Fundamentals:

Mon – NY Tue – EUR/NY Wed – NY Thu –EUR/NY Fri –EUR/NY

Analysis for EURUSD 08 – 12 Mar 2010

Previous Week 22-26 Feb

O: 1.3628 H: 1.3691 L: 1.3450 C: 1.3615

Last Week 01-05 Mar

O: 1.3638 H: 1.3736 L: 1.3433 C: 1.3620

Weekly

Daily

Hourly

Expected for the week

• We saw another rangy week for EURUSD with no clear direction (3 weekly dojis)
• On the weekly, it is still a downtrend but on the hourly, it looks this pair does not want to break below 1.3531 for a push down.
• It also has a hard time closing above the 1.37 levels for us to see a higher high for the week.
• The hourly is too messy and clearly, we are not seeing any pattern.
• The best thing to do is to wait for specific levels and keep tight stop losses.
• Just be mindful of any news coming out from Europe though as we do have Trichet speaking over the week.
• Resistance: 1.3650, 1.3712, 1.3745, 1.3800, 1.3894
• Support: 1.3620, 1.3531, 1.3428, 1.3388

Fundamentals:

Mon – 7pm +8GMT Wed – EUR/NY Thu –NY Fri –EUR/NY