Analysis for EURUSD 11 – 15 Jan 2010

Previous Week (28 Dec – 1 Jan)

O: 1.4375 H: 1.4458 L: 1.4272 C: 1.4317

Last Week (4 – 8 Jan)

O: 1.4315 H: 1.4483 L: 1.4256 C: 1.4416

Weekly

Daily

Hourly

Expected for this week:

• There is no definite trend for this pair as it trades between the 1.4284 and 1.4447 area rather aimlessly.
• Therefore, it may probably be more prudent to wait for a (true body) break below or above these numbers to catch a better trading opportunity.
• Below 1.4284 = 1.4194, 1.4163, 1.4113
• Above 1.4447 = 1.4502, 1.4557, 1.4612

Fundamentals:

Mon – Japan Close Tue – NY Wed – NY Thu – NY (multiple news) Fri - NY