Previous Week 7-11 June
O: 1.1929 H: 1.2152 L: 1.1875 C: 1.2093
Last Week 14-18 June
O: 1.2204 H: 1.2416 L: 1.2162 C: 1.2372
Weekly
Daily
Hourly
Expected for the week:
§ Weekly and daily bullish. Hourly falling wedge
§ Weekly: V-recovery limited to 23.6 Fibo @ 1.2645
§ Daily, we need a close above 1.2454 to see 1.2527, 1.2597, 1.2645, 1.2674.
§ Hourly we have a falling wedge formed which may see a break above 1.2411 to give us 1.2452, 1.2517, 1.2597, 1.2645
§ Break below the falling wedge at 1.2346 may give us 1.2281, 1.2240, 1.2175
§ Sentiment is bullish but take heed about the fundamentals over the weekend about Estonia and the Chinese yuan which may give us some surprising numbers when the market opens for the week.
Bulls:
1.2454, 1.2597, 1.2645 (23.6 Fib)
Bears:
1.2240, 1.2175, 1.2043, 1.1932, 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)
Tue:
EUR Zone – EUR/GBP news
USD Zone – USD news
Wed:
EUR Zone – EUR/GBP news
USD Zone – EURUSD/CAD news
Thu
EUR Zone - EUR news
USD Zone – USD news
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