Sorry for the long hiatus guys ... will be tying some loose ends on my side and am gearing towards long term trades as opposed to intraday-scalping.
Trade safely as always :)
Sunday, July 25, 2010
Monday, July 05, 2010
Analysis for EURUSD 5 – 9 Jul 2010
Previous Week 21-25 June
O: 1.2414 H: 1.2467 L: 1.2209 C: 1.2384
Last Week 28 Jun – 2 Jul
O: 1.2385 H: 1.2611 L: 1.2151 C: 1.2548
Weekly
Daily
Hourly
Expected for the week:
§ We have a “V” on the weekly.
§ A top form to complete that V formation will be at 1.2646 (23.6).
§ Breaking that resistance may give rise to 1.2798, 1.2893, 1.2957, 1.3001, 1.3122 (38.2).
§ On the daily, we might see a rejection at 1.2646, low at 1.2353 and then a rise again to 1.2626 and if break, 1.2798.
§ Hourly, we saw the bulls waking up due to bad news from the US.
§ We will not speculate if this is the start of a new trend as we have been bearish for many months but the numbers to watch this week will be:
Bulls:
1.2547, 1.2646 (23.6 Fib), 1.2798, 1.2893, 1.2957, 1.3001, 1.3122 (38.2).
Bears:
1.2415, 1.2353, 1.2282, 1.2200, 1.2144
2006 numbers
1.2404, 1.2334, 1.2190, 1.2029, <1.1965> 1.1949, 1.1913, 1.1869, 1.1781
Fundamentals (based on +8GMT)
Mon:
EUR Zone – EUR/GBP news
USD Holiday
Tue:
USD Zone – USD news
Wed:
USD Zone –CAD news
Thu
EUR Zone – EUR/GBP news
USD Zone – EUR/USD news
Fri
EUR Zone –EUR/GBP news
USD Zone – CAD news
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