Analysis for EURUSD Nov 2-6

Previous Week (19 – 23 Oct)

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

Last Week (Oct 26 - 30)

O: 1.4992 H: 1.5063 L: 1.4682 C: 1.4715

Weekly

Daily

Hourly

Expected for this week:

• Two scenarios: ”Bullish trend in a reversal last week” or “The start of a bearish trend”.
• This week would be rather choppy because of a number of important fundamentals released during the New York session and the market seems to be in “conflict” with the equities.
• Hence, scalping would perhaps be more prudent with tight stop losses to preserve capital.
• Levels to watch are on the charts.

Resistance: 1.5092, 1.5069, 1.5046, 1.5007, 1.4968, 1.4901, 1.4860

Support: 1.4793, 1.4725, 1.4684, 1.4617, 1.4574, 1.4472

Weekly Fibo:

1.5063 00.0

1.4754 23.6

1.4553 38.2

1.4252 50.0

1.3743 61.8

Fundamentals:

Tue – NY (12am)/ Japan Holiday Wed – NY Thu – NY Fri – NY