Analysis for EURUSD Oct 12 - 16

Previous Week (28 Sep – Oct 2)

O: 1.4707 H: 1.4712 L: 1.4480 C: 1.4570

Last Week (05 – 09 Oct)

O: 1.4597 H: 1.4817 L: 1.4592 C: 1.4703

Weekly

Daily

Hourly

Expected for this week:

• We did not see a big push down to the 1.44+ area as the market moved without a clear direction.
• It hunted the 1.48+ area but did not manage to break above 1.4822.
• We expect another bearish attempt this week with a possibility of a high at 1.4770 if 1.4720 is not taken out.
• 1.4629 have to be broken convincingly for a stronger downtrend.
• Try to stay out of the market on Monday as Japan and the US are closed for the holidays.

Resistance: 1.4877, 1.4844, 1.4822, 1.4807, 1.4770, 1.4720

Support: 1.4694, 1.4651, 1.4629, 1.4602, 1.4479, 1.4444, 1.4367

Fundamentals:

Mon – Japan/NY closed Tue – Euro session Wed – NY session

Thu - NY Session Fri – NY Session