Previous Week 14-18 June
O: 1.2204 H: 1.2416 L: 1.2162 C: 1.2372
Last Week 21-25 June
O: 1.2414 H: 1.2467 L: 1.2209 C: 1.2384
Weekly
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Daily
Hourly
Expected for the week:
§ On the weekly, this pair is “barely out” of the downward trend so there is no strong indication of any biasness at this PA.
§ On the daily, I’d like to see a true break above 1.2461 which, may give us 1.2569, 1.2646 (23.3 Fibo).
§ On the hourly, the pair has rejected R1 @ 1.2377 with R2 @ 1.2406.
§ We might see the week consolidate if there is no true break either above 1.2461 or below 1.2258.
§ Trade the S&R with tight stops and if there is no setup, it will be better to wait on the side during the early part of the trading week.
Bulls:
1.2359, 1.2461, 1.2569, 1.2645 (23.6 Fib)
Bears:
1.2295, 1.2258, 1.2156, 1.2109, 1.1874 (0.00)
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 news
USD Zone – USD news
Tue:
EUR Zone –CHF/GBP news
USD Zone – USD news
Wed:
EUR Zone – EUR/GBP/CHF news
USD Zone – EUR/USD/CAD news
Thu
CAD Holiday
EUR Zone - GBP news
USD Zone – USD news
Fri
EUR Zone –GBP/USD news
USD Zone – EUR news
