Analysis for EURUSD 31 Aug – 4 Sep

Previous Week (17 – 21 Aug)

O: 1.4166 H: 1.4376 L: 1.4045 C: 1.4336

Last Week (24 – 28 Aug)

O: 1.4338 H: 1.4406 L: 1.4206 C: 1.4300

Weekly

Daily

Hourly

Expected for this week:

• We are more inclined to see this pair trading up when the market opens with a limited upside to 1.4331, followed by 1.4380.
• If that is broken, look for 1.4403 followed by 1.4444.
• More rewards can be expected from selling on retests.
• Therefore if the 1.44+ area is reached, look to sell, keeping a stop loss at around 1.4465
• Expected levels for TP on sells below the 1.4331 level are 1.43, 1.4260, 1.4216 and possibly 1.4144.

Resistance: 1.4331, 1.4304, 1.4444, 1.4518

Support: 1.4260, 1.4219, 1.4144

Fundamentals:

Mon – London closed Tue – NY Session

Wed - NY Session Thu – Euro/NY Session Fri - NY Session

Analysis for EURUSD 24 – 28 Jul

Apologies for the late update. Here's the gist without the charts:

Previous Week (10 – 14 Aug)

O: 1.4193 H: 1.4327 L: 1.4086 C: 1.4189

Last Week (17 – 21 Aug)

O: 1.4166 H: 1.4376 L: 1.4045 C: 1.4336

Expected for this week:

• Initial bias is still bullish but we can expect a retest back to 1.4275.
• If that area is broken, expect huge support at 1.4206.
• If 1.4206 is not broken, look for longs with TP at the 1.43+ area with a possibility of 1.4444 as a high.

Resistance: 1.4275, 1.4304, 1.4338, 1.4387, 1.4444

Support: 1.4250,1.4206, 1.4192

Fundamentals:

Tue – NY Session Wed - Euro/NY Session

Thu – Euro/NY Session Fri - NY Session

Analysis for EURUSD 17 – 21 Aug

Previous Week (03 – 07 Aug)

O: 1.4286 H: 1.4446 L: 1.4153 C: 1.4169

Last Week (10 – 14 Aug)

O: 1.4193 H: 1.4327 L: 1.4086 C: 1.4189

Weekly

Daily

Hourly

Consolidated between 1.4105 and 1.4150 before big move up followed by another consolidation between 1.4250 and 1.4304 before the move down.

Expected for this week:

• Trend is bullish but upside may be limited as it will be a weak buy.
• We can expect 1.43 but stop loss must be kept around 1.4250.
• If 1.4250 is broken, 1.4150 is very likely, followed by 1.4105.
• If 1.4304 is broken, look for 1.4338, 1.4387 followed by 1.4446.
• Would be looking for scalps this week on dips instead of holding on to intra day positions.

Resistance: 1.4304, 1.4338, 1.4387, 1.4446

Support: 1.4269, 1.4250, 1.4221, 1.4196, 1.4150, 1.4015

Fundamentals:

Mon – NY Session

Tue – Euro/ NY Session

Wed – Euro Session
Fri – Euro/ NY Session

Analysis for EURUSD 10 – 14 Jul

Previous Week (27 – 31 July))

O: 1.4192 H: 1.4304 L: 1.4007 C: 1.4251

Last Week (03 – 07 Aug)

O: 1.4286 H: 1.4446 L: 1.4153 C: 1.4169

Weekly

• This pair has traded out of its rectangle and created a rising wedge continuation.
• The week has closed with a bigger rejection than its true body and have reached a higher high than the previous week but it was unsustainable and closed lower than the previous week.

• 1.4300 was finally broken but the next huge resistance at 1.4456 was not.
• Trend is bearish and we may expect to see 1.3795 if it breaks out below 1.3954.

Daily

Hourly

Was consolidating between 1.4446 – 1.4381 before it broke down to 1.4338 and finally the huge movement down to the 1.4160 levels.

Expected for this week:

• We may see some movement up in the early week for a retracement before it starts its bearish trend again.
• Limit buys to 1.4275 if 1.4199 is broken.
• 1.4300 is still possible for this week and if we do then the upside levels will be limited at 1.4314 and 1.4338.
• We should be looking for sell opportunities for this week.

Resistance: 1.4199, 1.4275, 1.4314, 1.4388

Support: 1.4160, 1.4125, 1.4075, 1.3954, 1.3854

Fundamentals:

Wed – NY Session

Thu – NY Session

Fri – NY Session