Previous Week (24 – 28 Aug)

O: 1.4321 H: 1.4636 L: 1.4317 C: 1.4581

O: 1.4577 H: 1.4767 L: 1.4515 C: 1.4709

Daily

Expected for this week:

This pair may be due for a reversal as the daily and hourly shows.
It is also overbought on the daily candle.
However, the signals are mixed and it may even push higher at 1.4967 for the week.
Will be looking at PA to determine trend for the week:
If the market opens below 1.4688 for the week then short positions will be better with a stop loss at 1.4727.
It the market opens above last week’s close and trades above 1.4767 then it will be a bullish week.

Resistance: 1.4898, 1.4848, 1.4827, 1.4808, 1.4767, 1.4748, 1.4727

Support: 1.4688, 1.4650, 1.4611, 1.4527, 1.4506

Fundamentals:

Japan is closed from Monday – Wednesday so we may expect a slower session during the Asian session.

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