EURGBP Weekly Technical Analysis (25-29 May,2015) | May 24, 2015

Eurgbp started falling from the beginning of the previous level. It has also broken it support area. But on h4 time frame, we can see bullish divergence on this pair. It is an indication bullish signal on this pair. On monday, if we find any bullish candle on h4, then we can go for buy. This bullish divergence will be valid till this pair stay above 0.7090 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7351

Resistance One (R1): 0.7227

Pivot Point: 0.7158

Support One (S1): 0.7034

Support Two (S2): 0.6965