Previous Week (12 – 16 Oct)

O: 1.4719 H: 1.4967 L: 1.4676 C: 1.4894

O: 1.4893 H: 1.5060 L: 1.4828 C: 1.4995

Expected for this week:

We are still in a bullish trend and have surpassed the 1.5 mark.
Longs were protected at the 1.5100 levels as we saw a high at 1.5060.
1.5092 has not been taken out and though it may seem unlikely for the week, it is definitely not impossible.
1.5 levels to watch for will be 1.5060 and 1.5092.
If 1.5092 is broken, look for 1.5103, followed by 1.5143, 1.5205, 1.5243, 1.5288 but with tight stop losses.
On the reversal side, we may probably see more selling commitment if 1.4945 is broken.
If 1.4849 is also successfully broken, then we can probably expect a low of 1.4701 for the week.

Resistance: 1.5288, 1.5243, 1.5205, 1.5143, 1.5103, 1.5092, 1.5069, 1.5046, 1.5007

Support: 1.4969, 1.4946, 1.4908, 1.4849, 1.4838, 1.4766, 1.4701

Weekly Fibo:

1.5060 00.0

1.4748 23.6

1.4563 38.2

1.4407 50.0

1.4250 61.8

Daily Fibo:

1.5060 00.0

1.4925 23.6

1.4838 38.2

1.4766 50.0

1.4701 61.8

Fundamentals:

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