forex618.net daily currency strategy

[forex618]

Daily Currency report for Friday August 10 2007

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This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 07 08:30 Productivity-Prel Q2 2.2% 2.0% 1.0%
Aug 07 14:15 FOMC policy statement
Aug 07 15:00 Consumer Credit Jun $3.5B $7.0B $12.9B
Aug 08 10:00 Wholesale Inventories Jun 0.4% 0.4% 0.5%
Aug 08 10:30 Crude Inventories 08/03 NA NA -6497K
Aug 09 08:30 Initial Claims 08/04 310K NA 307K
Aug 10 08:30 Export Prices ex-ag. Jul NA NA 0.1%
Aug 10 08:30 Import Prices ex-oil Jul NA NA 0.2%
Aug 10 14:00 Treasury Budget Jul -$35.0B -$32.5B -$33.2B

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EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3860

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Another sudden collapse as expected, and now we are back to 1.3650. Allow for a little more work above here today and then a move to 1.3550 and maybe 1.3480 before another round of consolidation. It looks as if we will remain bearish on the majors for another few weeks, so rallies remain opportunities to sell, with dips to the levels above seen as potential counter-trend opportunities to buy. Today might not present any trading opportunities, especially in the European session, so we will probably only re-enter the market in the NY session today or early next week. Note: We prefer to wait for much clearer set-ups and lower volatility for safe trading. There is no rush to re-enter the market!

Key G7 Resistance levels: 1.3850, 1.3750

Counter-trend opportunities: Buy dips to 1.3550/1.340 on signs of basing.

EUR/USD Hourly chart:

[forex618]

Daily Currency report for Monday August 13 2007

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This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 13 08:30 Retail Sales Jul 0.4% 0.2% -0.9%
Aug 13 08:30 Retail Sales ex-auto Jul 0.5% 0.3% -0.4%
Aug 13 10:00 Business Inventories Jun 0.4% 0.4% 0.5%
Aug 14 08:30 PPI Jul 0.1% 0.1% -0.2%
Aug 14 08:30 Core PPI Jul 0.1% 0.2% 0.3%
Aug 14 08:30 Trade Balance Jun -$61.0B -$61.0B -$60.0B
Aug 15 08:30 CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 Core CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 NY Empire State Index Aug 15.0 19.0 26.5
Aug 15 09:00 Net Foreign Purchases Jun $126.1B
Aug 15 09:15 Industrial Production Jul 0.3% 0.3% 0.5%
Aug 15 09:15 Capacity Utilization Jul 81.8% 81.8% 81.7%
Aug 15 10:30 Crude Inventories 08/10 NA NA -4136K
Aug 16 08:30 Housing Starts Jul 1415K 1410K 1467K
Aug 16 08:30 Building Permits Jul 1420K 1400K 1413K
Aug 16 08:30 Initial Claims 08/11 310K NA 316K
Aug 16 12:00 Philadelphia Fed Aug 10.0 8.0 9.2
Aug 17 10:00 Mich Sentiment-Prel. Aug 88.0 88.5 90.4

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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3630

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Messy work as we oscillate between 1.3650 and 1.3850, with a lot of volatility and sudden rallies/collapses. The weekly trend direction has marginally reversed to bullish (watch this week's video report to see the caution due to the weekly "piercing pattern") So we look to remain bullish whilst above 1.3630. First target 1.3850, and then the next move to 1.3900/1.4000. It will be very tough to break above 1.3850, so expect a lot of resistance to a new all time high, and a possible failure to do so. Watch for counter-trend opportunities at 1.3850, 1.3900, 1.4000 and 1.4100, because the euro is still due a large corrective decline!

Key G7 Support levels: 1.3650.

Counter-trend opportunities: 1.3850, 1.3900, 1.4000 and 1.4100

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Wednesday August 15 2007

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This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 13 08:30 Retail Sales Jul 0.4% 0.2% -0.9%
Aug 13 08:30 Retail Sales ex-auto Jul 0.5% 0.3% -0.4%
Aug 13 10:00 Business Inventories Jun 0.4% 0.4% 0.5%
Aug 14 08:30 PPI Jul 0.1% 0.1% -0.2%
Aug 14 08:30 Core PPI Jul 0.1% 0.2% 0.3%
Aug 14 08:30 Trade Balance Jun -$61.0B -$61.0B -$60.0B
Aug 15 08:30 CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 Core CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 NY Empire State Index Aug 15.0 19.0 26.5
Aug 15 09:00 Net Foreign Purchases Jun $126.1B
Aug 15 09:15 Industrial Production Jul 0.3% 0.3% 0.5%
Aug 15 09:15 Capacity Utilization Jul 81.8% 81.8% 81.7%
Aug 15 10:30 Crude Inventories 08/10 NA NA -4136K
Aug 16 08:30 Housing Starts Jul 1415K 1410K 1467K
Aug 16 08:30 Building Permits Jul 1420K 1400K 1413K
Aug 16 08:30 Initial Claims 08/11 310K NA 316K
Aug 16 12:00 Philadelphia Fed Aug 10.0 8.0 9.2
Aug 17 10:00 Mich Sentiment-Prel. Aug 88.0 88.5 90.4

--------------------------------------------------------------------------------

EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3630

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Edging down to 1.3500 and important support. Watch for counter-trend opportunities here. (1.3520 - 1.3480) Bearish momentum means the weekly direction will reverse this week again, so we continue to look to sell into corrective rallies.

Key G7 Support levels: 1.3500

Counter-trend opportunities: 1.3850, 1.3900, 1.4000 and 1.4100

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Thursday August 16 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 13 08:30 Retail Sales Jul 0.4% 0.2% -0.9%
Aug 13 08:30 Retail Sales ex-auto Jul 0.5% 0.3% -0.4%
Aug 13 10:00 Business Inventories Jun 0.4% 0.4% 0.5%
Aug 14 08:30 PPI Jul 0.1% 0.1% -0.2%
Aug 14 08:30 Core PPI Jul 0.1% 0.2% 0.3%
Aug 14 08:30 Trade Balance Jun -$61.0B -$61.0B -$60.0B
Aug 15 08:30 CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 Core CPI Jul 0.2% 0.2% 0.2%
Aug 15 08:30 NY Empire State Index Aug 15.0 19.0 26.5
Aug 15 09:00 Net Foreign Purchases Jun $126.1B
Aug 15 09:15 Industrial Production Jul 0.3% 0.3% 0.5%
Aug 15 09:15 Capacity Utilization Jul 81.8% 81.8% 81.7%
Aug 15 10:30 Crude Inventories 08/10 NA NA -4136K
Aug 16 08:30 Housing Starts Jul 1415K 1410K 1467K
Aug 16 08:30 Building Permits Jul 1420K 1400K 1413K
Aug 16 08:30 Initial Claims 08/11 310K NA 316K
Aug 16 12:00 Philadelphia Fed Aug 10.0 8.0 9.2
Aug 17 10:00 Mich Sentiment-Prel. Aug 88.0 88.5 90.4

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EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Collapsing dramatically with the Pound, and now the euro has corrected 786% of the rally from 1.3264, and has reached the upward sloping weekly trend line. We should try to find at least an interim base here, and we see small attempts to do so on the hourly charts. We should be able to rally from here back to 1.3550 and perhaps 1.3600, where we will be looking for opportunities to sell. Try counter-trend trades from 1.3400, targeting the above-mentioned retracement levels.

Key G7 Resistance levels: 1.3550, 1.3600

Counter-trend opportunities: 1.3400

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Monday August 20 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 20 10:00 Leading Indicators Jul NA 0.3% -0.3%
Aug 22 10:30 Crude Inventories 08/17 NA NA -5167K
Aug 23 08:30 Initial Claims 08/18 NA NA 322K
Aug 24 08:30 Durable Orders Jul NA 1.0% 1.4%
Aug 24 10:00 New Home Sales Jul NA 830K 834K

--------------------------------------------------------------------------------

EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: After the free-fall last week, and with little economic news this week, the Euro is probably going to take some time out to consolidate and moves will probably be comparatively small. We are waiting for rallies to between 1.3550 and 1.3650 to sell into, and this might take place late today or tomorrow. Until then, do as little as possible. First target for short positions would be 1.3400 and then 1.3300.

Key G7 Resistance levels: 1.3550, 1.3650

Counter-trend opportunities: None

EUR/USD Hourly chart:

[forex618]

Daily Currency report for Thursday August 23 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 20 10:00 Leading Indicators Jul NA 0.3% -0.3%
Aug 22 10:30 Crude Inventories 08/17 NA NA -5167K
Aug 23 08:30 Initial Claims 08/18 NA NA 322K
Aug 24 08:30 Durable Orders Jul NA 1.0% 1.4%
Aug 24 10:00 New Home Sales Jul NA 830K 834K

--------------------------------------------------------------------------------

EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: A little bit of a recovery from the lows at 1.3360, and we should reach up to 1.3600/1.3650 before more topping activity later this week. We continue to look to sell into rallies to these areas, with first target for short positions at 1.3400 and then 1.3300. Be sure to wait for clear signs of topping before entering

Key G7 Resistance levels: 1.3550, 1.3650

Counter-trend opportunities: None

EUR/USD Hourly chart:

[forex618]

Daily Currency report for Monday August 27 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 27 10:00 Existing Home Sales Jul 5.90M 5.70M 5.75M
Aug 28 10:00 Consumer Confidence Aug 104.0 105.0 112.6
Aug 28 14:00 FOMC Minutes Aug 7
Aug 29 10:30 Crude Inventories 08/24 NA NA 1890K
Aug 30 08:30 GDP-Prel. Q2 4.0% 4.1% 3.4%
Aug 30 08:30 Chain Deflator-Prel. Q2 2.7% 2.7% 2.7%
Aug 30 08:30 Initial Claims 08/25 320K 320K 322K
Aug 30 10:00 Help-Wanted Index Jul 25 25 26
Aug 31 08:30 Personal Income Jul 0.4% 0.3% 0.4%
Aug 31 08:30 Personal Spending Jul 0.4% 0.4% 0.1%
Aug 31 08:30 Core PCE Inflation Jul 0.1% 0.2% 0.1%
Aug 31 09:45 Chicago PMI Aug 56.0 53.0 53.4
Aug 31 10:00 Factory Orders Jul 3.9% 0.9% 0.6%
Aug 31 10:00 Mich Sentiment-Rev. Aug 83.3 83.0 83.3

--------------------------------------------------------------------------------

EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: We have edged up to 1.3680, an important long term resistance level and Fibonacci retracement. We will allow for another fractionally higher rally to 1.3730/50 (the 78.6% Fibonacci level), but hopefully we will hold beneath 1.3700. Weekly momentum remains bearish and the long term outlook is becoming difficult as we approach our medium/long term target levels and the euro becomes increasingly overbought. Targets for the next decline are below 1.3000, but we shall have to take things one week at a time to see how this plays out. For today, hold shorts, sell at 1.3680, stops well above 1.3700, with a first target of 1.3550.

Key G7 Resistance levels: 1.3680, 1.3730

Counter-trend opportunities: None

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Wednesday August 29 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 27 10:00 Existing Home Sales Jul 5.90M 5.70M 5.75M
Aug 28 10:00 Consumer Confidence Aug 104.0 105.0 112.6
Aug 28 14:00 FOMC Minutes Aug 7
Aug 29 10:30 Crude Inventories 08/24 NA NA 1890K
Aug 30 08:30 GDP-Prel. Q2 4.0% 4.1% 3.4%
Aug 30 08:30 Chain Deflator-Prel. Q2 2.7% 2.7% 2.7%
Aug 30 08:30 Initial Claims 08/25 320K 320K 322K
Aug 30 10:00 Help-Wanted Index Jul 25 25 26
Aug 31 08:30 Personal Income Jul 0.4% 0.3% 0.4%
Aug 31 08:30 Personal Spending Jul 0.4% 0.4% 0.1%
Aug 31 08:30 Core PCE Inflation Jul 0.1% 0.2% 0.1%
Aug 31 09:45 Chicago PMI Aug 56.0 53.0 53.4
Aug 31 10:00 Factory Orders Jul 3.9% 0.9% 0.6%
Aug 31 10:00 Mich Sentiment-Rev. Aug 83.3 83.0 83.3

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EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Pulling back to 38% of the recent rally and the 200 hour SMA. This is a good opportunity to try counter-trend longs, however, weekly momentum remains bearish and the long term outlook is becoming difficult as we approach our medium/long term target levels and the euro becomes increasingly overbought. Targets for the next decline are below 1.3000, but we shall have to take things one week at a time to see how this plays out. For today, we prefer to remain sidelined, as we are near month end and prefer to wait for a clear move one way or the other before trading again next week.

Key G7 Resistance levels: 1.3680, 1.3730

Counter-trend opportunities: None

EUR/USD Hourly chart:

[forex618]

Daily Currency report for Friday August 31 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Aug 27 10:00 Existing Home Sales Jul 5.90M 5.70M 5.75M
Aug 28 10:00 Consumer Confidence Aug 104.0 105.0 112.6
Aug 28 14:00 FOMC Minutes Aug 7
Aug 29 10:30 Crude Inventories 08/24 NA NA 1890K
Aug 30 08:30 GDP-Prel. Q2 4.0% 4.1% 3.4%
Aug 30 08:30 Chain Deflator-Prel. Q2 2.7% 2.7% 2.7%
Aug 30 08:30 Initial Claims 08/25 320K 320K 322K
Aug 30 10:00 Help-Wanted Index Jul 25 25 26
Aug 31 08:30 Personal Income Jul 0.4% 0.3% 0.4%
Aug 31 08:30 Personal Spending Jul 0.4% 0.4% 0.1%
Aug 31 08:30 Core PCE Inflation Jul 0.1% 0.2% 0.1%
Aug 31 09:45 Chicago PMI Aug 56.0 53.0 53.4
Aug 31 10:00 Factory Orders Jul 3.9% 0.9% 0.6%
Aug 31 10:00 Mich Sentiment-Rev. Aug 83.3 83.0 83.3

--------------------------------------------------------------------------------

EUR/USD

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.3720

Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: Holding neatly above 1.3600 yesterday, and it looks as if we might now move higher to retest 1.3750/1.3800. A clear break above 1.3720 means that we resume the longer term bullish trend, and below 1.3550 means that the decline which began last week should continue. A lot now depends on the carry trades which are once again dictating the moves in the Forex market. We prefer to stay out of the market until next week, once a direction has been established. Aggressive traders could try selling at 1.3680/1.3700, with a stop/reverse above 1.3720 for 1.3820.

Key G7 Resistance levels: 1.3680, 1.3730

Counter-trend opportunities: None

EUR/USD Hourly chart:



EUR/USD Weekly chart:

[forex618]

Daily Currency report for Monday September 03 2007

Get our new G7 Forex system for yourself (FREE E-book!) G7 Forex System by Forex-Science. Day trading system for the Forex market.

This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information.

This Week's Economic Calendar
--------------------------------------------------------------------------------
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Sep 04 10:00 Construction Spending Jul 0.1% -0.1% -0.3%
Sep 04 10:00 ISM Index Aug 53.5 53.0 53.8
Sep 04 17:00 Auto Sales Aug 5.1M 5.0M 4.9M
Sep 04 17:00 Truck Sales Aug 6.8M 7.0M 6.7M
Sep 05 10:00 Pending Home Sales Jul 5.0%
Sep 05 10:30 Crude Inventories 08/31 NA NA -3486K
Sep 05 14:00 Fed's Beige Book
Sep 06 08:30 Initial Claims 09/01 320K NA 334K
Sep 06 08:30 Productivity-Rev. Q2 2.5% 2.3% 1.8%
Sep 06 10:00 ISM Services Aug NA 54.5 55.8
Sep 07 08:30 Nonfarm Payrolls Aug 130K 120K 92K
Sep 07 08:30 Unemployment Rate Aug 4.7% 4.6% 4.6%
Sep 07 08:30 Hourly Earnings Aug 0.3% 0.3% 0.3%
Sep 07 08:30 Average Workweek Aug 33.8 33.8 33.8
Sep 07 10:00 Wholesale Inventories Jul 0.5% 0.5% 0.5%

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EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3550

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Today's trade suggestion: The euro has been somewhat mixed in the past two weeks, but weekly momentum has turned just bullish, and this means we shall look to buy dips while above the weekly reversal level. We should try to hold above 1.3600/1.3620, but price action so far at that level has been unconvincing. Wait and watch for clear reversal signals, and target 1.3750. Below 1.3650 means a change in direction and the euro could correct significantly towards 1.3350 and possibly lower. There is no rush to enter trades in the early part of this week, and it is better to wait for clear signs of intent from the market.

Key G7 Support levels: 1.3600, 1.3550

Counter-trend opportunities: None

EUR/USD Hourly chart:



EUR/USD Weekly chart: