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

Eurgbp has fell from 50 ema on daily chart as we suggested for sell in our last analysis. This pair fell from this ema before and it again respected this ema. Now it is staying on a support area. 0.7220 area is support for this pair. If it can hold this support, then we can see bullish movement again on this pair. If it can be able to break 0.7220 support area, then recent bearish rally can be resumed again and target will be 0.7010 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7436

Resistance One (R1): 0.7341

Pivot Point: 0.7282

Support One (S1): 0.7187

Support Two (S2): 0.7128