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EURUSD Weekly Technical Outlook (4-8 May, 2015) | May 2, 2015



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Finally eurusd had broken its critical resistance level last week. 1.1050 level was acting as strong level. After successfully breakout of this level this pair was moving up near to its next resistance level at 1.1270-1.1290 area. It will be good resistance for eurusd. In next week, if this pair is able to break this area, then it may go 1.1500 area. On the other hand, on daily chart, we can see bearish rejection pin bar candle on 1.1275 resistance area. So it can be indication for selling pressure on eurusd. So below 1.1275 area, we can stay for sell on eurusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1569

Resistance One (R1): 1.1379

Pivot Point: 1.1099

Support One (S1): 1.0909

Support Two (S2): 1.0629


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