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Market Analysis for week of September 14th, 2015


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Resistance: 1.1360, 1.1400, 1.1470, 1.1560, 1.1714
Support:  1.1300, 1.1214, 1.1080
Bias: Bullish. EUR had strong bullish closes on both weekly and daily charts indicating more upside. Look for it to pullback and then another move up.  However, the main event this week is the Fed decision. The market may be driven by the USD sentiment so keep an eye out for that on Thursday. We are likely to see consolidation ahead of the Fed rate decision on Thursday.



Resistance:  1.5470, 1.5550, 1.5600, 1.5680, 1.5814
Support: 1.5320, 1.5250, 1.5180
Bias: Neutral to Bullish. Last week we saw GBP recover some of the lost ground. 1.5470 is an important area for the GBP. If it holds above this level, we can expect another move up, potentially heading towards the top of the range at 1.5680. However, again be mindful of the USD sentiment ahead of the Fed rate decision.


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