EURUSD Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Eurusd has pulled back from support level last week. Now this pair is on bullish momentum. Last week, we saw 5 bullish candle on this pair. So for taking sell entry we need to get strong price action sell entry on this pair. We can draw a fibo on recent down trend. We can see that this pair has touched 61.8% fibo level. This can be good zone for sell. 200 EMA is staying just above 61.8% fibo level. So we need to keep watching on this level. If we get any rejection or pin bar on this level, then we can go for sell on eurusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1052

Resistance One (R1): 1.0929

Pivot Point: 1.0724

Support One (S1): 1.0601

Support Two (S2): 1.0396