Analysis for EURUSD 15-19 Feb 2010

Previous Week 1 – 5 Feb

O: 1.3874 H: 1.4026 L: 1.3584 C: 1.3664

Last Week 8-12 Feb

O: 1.3642 H: 1.3839 L: 1.3530 C: 1.3616

Weekly

Daily

Hourly

Expected for the week

• The week closed almost a doji for the week.
• It looked rather promising for the bulls during the early part of the week with Germany pledging to help Greece but erased all gains from Wednesday onwards.
• We are still looking at a weak Euro and if the Euro decides to turn around, this week would probably be a good week as any more weakness and we will probably see the 1.2+ zone.
• Expect to see sluggish movements particularly during the Asian session as China is on a week long holiday.
• Monday is also a US holiday so Tuesday may turn out some surprises.
• If any, a “better day” to trade will be during Wed-London session.
• See charts for levels.

Fundamentals:

China closed whole week Mon – NY Closed Tue – EUR/NY Wed – NY Thu – NY Fri – EUR/NY

Analysis for EURUSD 8 – 12 Feb 2010

Previous Week (25 - 29 Jan)

O: 1.4142 H: 1.4194 L: 1.3861 C: 1.3863

Last Week 1 – 5 Feb

O: 1.3874 H: 1.4026 L: 1.3584 C: 1.3664

Weekly

Daily

Hourly

Expected for the week

• We are still in a downtrend week with this pair falling to over 400 pips.
• Risk aversion is a key phase used by many to explain the strengthening of the dollar coupled with problems arising from Greece to further weaken the Euro.
• We also had some good news for the dollar over the week.
• Nonetheless, technical wise – we may see a lower low if this pair cannot sustain a push above 1.3745 (refer to charts for key areas).
  

Fundamentals:

Wed – NY Thu – NY Fri – EUR/NY