Previous Week (23 – 27 Nov)

O: 1.4868 H: 1.5143 L: 1.4827 C: 1.4967

O: 1.4998 H: 1.5141 L: 1.4821 C: 1.4844

Expected for this week:

We saw a double top on the weekly at 1.5143 (high 1.5141)
However, the daily closed as a bullish doji so the signals were mixed.
The following day saw a huge downclose as the fundamentals were very favorable for the USD.

This pair is currently oversold on the hourly chart and we may expect to see the 1.49 for the week.

If 1.5019 offers a good resistance, look for 1.4955 and possibly 1.4815.

If the week opens below 1.4815, we may see 1.46 levels for the week.

Resistance: 1.5215, 1.5144, 1.5120, 1.5079, 1.5039, 1.5019

Support: 1.4981, 1.4943, 1.4896, 1.4821, 1.4815, 1.4727

Weekly Fibo:

1.5143 00.00

1.4813 23.6

1.4613 38.2

1.4447 50.0

1.4280 61.8

1.3747 100.0

Fundamentals:

Mon – EUR/NY Tue – Italy Closed Thu – NY Fri - NY