EURGBP Weekly Technical Outlook (16-20 March, 2015) | March 14, 2015

Eurgbp has rejected from 50 ema on h4 at 0.7170 level. This ema is working well on this pair. This pair can start bearish rally again. Last week, this pair start falling and faced resistance near to 0.7000 level. So this level will be critical for this pair. If it can break that level, then we will see more fall on this pair. If it pull back from that level again, then we can go for buy entry on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7320

Resistance One (R1): 0.7216

Pivot Point: 0.7115

Support One (S1): 0.7011

Support Two (S2): 0.6910