EURUSD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Eurusd is maintain its bullish momentum. On the daily chart, we can a bullish engulfing pattern has been formed. After bullish engulfing, another bullish candle has been formed which is bullish confirmation. This candle indicates its bullish power. This pair is now looking for 1.1000 area one more time. If this pair stay above 1.0820-1.0850 area, then it can go up again and target will be 1.1000 area. For sellers, 1.1000 area is very good for taking sell entry. If any bearish candle formed near to 1.1000 area, then we can go for sell with targeting 200-300 pips.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1049

Resistance One (R1): 1.096

Pivot Point: 1.0809

Support One (S1): 1.072

Support Two (S2): 1.0569