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

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