Analysis for EURUSD 7 - 11Sep

Previous Week (24 – 28 Aug)

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

Last Week (24 – 28 Aug)

O: 1.4303 H: 1.4377 L: 1.4177 C: 1.4303

Weekly

Daily

Hourly

Expected for this week:

• The fundamentals were mixed on the last trading day of the week so I would be careful about trading on Monday.
• Would probably stay out on Monday if there is no clear signals and look for a clearer direction on Tuesday
• Overall, the trend is still bearish with an expected top of 1.4444.
• If that is taken out, 1.4483 and 1.4513 can be expected.
• However, more opportunities can be found on selling on spikes with stop loss of 1.4465 if we get to the 1.44+ area
• Levels to watch are 1.4320 (resistance) and 1.4278 (support).
• If 1.4278 is successfully broken, look for 1.4236, 1.4209 and 1.4166 with a tight stop loss if the 1.44+ area has not been reached as there is still potential for that level.

Resistance: 1.4320, 1.4380, 1.4444, 1.4483, 1.4513

Support: 1.4280, 1.4236, 1.4206, 1.4180

Fundamentals:

Mon – Canada and NY closed Thu – NY Session Fri - NY Session