Analysis for EURUSD 22 – 26 Mar 2010

Previous Week 08-12 Mar

O: 1.3636 H: 1.3795 L: 1.3536 C: 1.3760

Last Week 15-19 Mar

O: 1.3773 H: 1.3817 L: 1.3502 C: 1.3535

Weekly

Daily

Hourly

Expected for the week

• Last week, the bears were in force after rejecting the 1.38 levels.
• Fundamentals wise, we saw positive numbers for the USD and negativity for the EUR.
• The “Greece issue” also dampened whatever bullish hope we have for the Euro.
• Currently, we are still in a downtrend.
• On the weekly, we have 1.3434 as a strong support and 1.3834 as a strong resistance.
• Any break above either one of these levels will finally get us out of this consolidation area since Feb 7th.
• On the daily, it seems that this pair may probably head down to 1.3434.
• If 1.3434 is broken, expect to see 1.3217.
• If not, expect some consolidation (see daily chart).
• The buyers will probably only come in if 1.3742 is broken.
• See charts for levels.
• Above all, watch out for any news about Greece, which may swing this pair.

Fundamentals:

Mon – Japan Hol
Tue –NY
Wed – EUR/NY
Thu –EUR/NY
Fri –NY