EURUSD Weekly Technical Analysis (23-27 March,2015) | March 21, 2015

Eurusd has bounced back from lower level of a channel as we shared in our last analysis. We saw bullish movement from the beginning of last week. After FOMC, it moved 400 pips in the up direction and touched 1.1000 level. From that level it rejected and dropped again. But in the last trading day this pair got back its bullish power again. So this pair can be now on bullish momentum. On this pairs buyers entered in big volume. So we can see some bullish movement in the next coming trading days. But 1.1000 level will be act as resistance in this pair. So if we can get any bearish candle confirmation on this level then we can go for sell on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1327

Resistance One (R1): 1.1074

Pivot Point: 1.0776

Support One (S1): 1.0523

Support Two (S2): 1.0225