Previous Week 12 – 16 Apr
O: 1.3656 H: 1.3691 L: 1.3471 C: 1.3509
Last Week 19 – 23 Apr
O: 1.3475 H: 1.3522 L: 1.3201 C: 1.3373
Weekly
Daily
Hourly
Expected for the week
- This pair reached a yearly low at 1.3201 which was also the 23.6 Fibo line on a long time frame. (38.2 = 1.3745)
- However, this price was rejected and rallied to 1.338 levels before closing at 1.3373.
- The rally was on rumors that Greece will activate the bailout package.
- Shorts are still in play as we are in a downtrend.
- Longs have hurdles to clear at 1.3386, 1.3587, 1.3699.
- If 1.32 is taken out again, expect to see another leg down to 1.3120, 1.3002. (0 = 1.2328)
Fundamentals:
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