EURGBP Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Eurgbp is facing 200 ema on h1 time frame. It is also retesting resistance 0.7226 level. In our previous analysis we suggested to go for sell on this pair if it break its support area. This pair broke its support last week and fall down. Now it is testing its broken level. So we can see another sell rally on this pair if this pair holds this level. Near term support lies on 0.7165 area. If break this support, we can see down rally again.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7322

Resistance One (R1): 0.727

Pivot Point: 0.7216

Support One (S1): 0.7164

Support Two (S2): 0.711