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EURGBP Weekly Technical Analysis | December 13, 2014



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EURGBP is still on ranging zone. There is no clear direction for this pair. It is following a triangle pattern. It is towards the upper line of the triangle. So we can see some bullish movement in this pair. For buy entry, target will be 0.8000. This is key resistance level for this pair. We can see 200 EMA at that level. So it can be good selling area for this pair. For sell entry from key resistance, target will be 0.7800 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.8041

Resistance One (R1): 0.7961

Pivot Point: 0.7896

Support One (S1): 0.7816

Support Two (S2): 0.7751


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