EURUSD Weekly Technical Analysis | December 27, 2014

EURUSD made new low last week. This pair fully on downtrend. Eur is too weak currency. So we can still stay on selling side for long term. But for short time we can take buy entry. On MACD, we can see bullish sign on shorter time frame. MACD is staying on 0.0 level and we can see crossover of MA on MACD indicator. So thiss crossover can give some bullish movement on this pair. So our recommendation is tp buy from support area 1.2150-1.2170 and target will be 1.2250. For long we can sell from retracement and target will be 1.2000 area



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.2310

Resistance One (R1): 1.2245

Pivot Point: 1.2204

Support One (S1): 1.2139

Support Two (S2): 1.2098