EURUSD Weekly Technical Analysis (13-17 April, 2015) | April 11, 2015

After rejecting from 1.1000-1.1050 level, this pair fell rapidly last week. We recommended in our last analysis to sell if this pair reject from this resistance level. This pair got back bearish power again after 3 weeks. So sellers are active now to make new lower low on this pair. Now this pair is in a condition to take some retracement. So we need to wait for retrace and then we can enter sell again on this pair. Near term sell zone is 1.0710-1.0730 area. If we find any bearish rejection on this level, then we can go for sell on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1202

Resistance One (R1): 1.0901

Pivot Point: 1.0734

Support One (S1): 1.0433

Support Two (S2): 1.0266