Previous Week (Nov 2 - 6)

O: 1.4705 H: 1.4917 L: 1.4625 C: 1.4845

Last Week (Nov 9 - 13)

O: 1.4865 H: 1.5048 L: 1.4820 C: 1.4920

Expected for this week:

This pair made a higher high and a higher low so we may have bullish expectations for the week.
However, the 1.5060 resistance was not broken so the question is whether this week may be the week where it finally is.
Waiting for levels will make more trading sense for the week with tight stop losses and scalps.
Watch for 1.4965 and above for longs till 1.5018 and 1.5060.
If 1.4843 can be broken, 1.4817, 1.4776 and 1.4701 will be levels we will be looking at.
And do note that we have a slew of fundamentals out this week, which may affect the direction of this pair so caution will be the key word.

Resistance: 1.5092,1.5060, 1.5018, 1.4965, 1.4897

Support: 1.4843, 1.4817, 1.4776, 1.4701, 1.4624

Weekly Fibo:

1.5063 00.0

1.4752 23.6

1.4557 38.2

1.4402 50.0

1.4250 61.8

1.3744 100

Daily Fibo:

1.5063 100

1.4895 61.8

1.4843 50.0

1.4790 38.2

1.4727 23.6

1.4624 00.0

Fundamentals:

Mon – Eur/NY Tue – NY Wed – Eur/NY Thu – NY