EURUSD Weekly Technical Outlook (16-20 March, 2015) | March 14, 2015

Eurusd continued its falling last week. After breaking 1.1000 level, this pair fell rapidly. Now it is staying at 1.0500 level. With this bearish momentum, we can expect more down in this pair. In the chart, we can see that this pair is following a downtrend channel. Now it has touched its lower line of the channel. So we need to be careful for taking sell entry from this level. We must need to wait for retrace on this pair for taking sell entry. 1.0630 level is good for sell entry. After some retrace, if we can any bearish pattern, then we have to take sell entry on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1064

Resistance One (R1): 1.0780

Pivot Point: 1.0620

Support One (S1): 1.0336

Support Two (S2): 1.0176