EURUSD Weekly Technical Analysis 11-15 January, 2016 | January 9, 2016

Eurusd has formed a bullish flag pattern. Now this pair is on the upper level of the bullish flag pattern. There is a good possibility to break the above line of the flag pattern. On the above chart, we can see that this pair is following a bullish flag. So we need to wait for breakout of the flag pattern.


On daily chart, we can see that long legged bullish pin bar has been formed on this pair. This candle is suggesting for bullish signal on this pair. We should go for buy on this pair.


1.0800 level is support level for this pair. Above this area, we need to look for buy setup on this pair. So we need to set pending order near to 1.0850 level. We can target 1.1000 for take profit.