EURUSD Technical Analysis (16-20 February,2015) | February 14, 2015

Eurusd is staying above potential support area. 1.1360 level was acting as resistance for this pair. This level has been broken and it will act as potential support area. Above this area this pair can extend its rally up to 1.1500 resistance zone. In 1.1440 level, we can see hanging man candle on H4 time frame and we got bearish confirmation after that hanging man candle. So we can stay on downside if this pair hold 1.1440 level. If we get this pair on 1.1500 level, then we can sell from this key resistance level. For sell entry, we can target 1.1270 area.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1539

Resistance One (R1): 1.1465

Pivot Point: 1.1367

Support One (S1): 1.1293

Support Two (S2): 1.1195