EURGBP Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Eurgbp fell from its resistance level as we mentioned in our previous analysis. This pair is still on bearish pressure. 0.7225 area is still a good resistance for this pair. We can take this level as a good selling zone. On h4 time frame, we can see 200 ema near to this resistance. So if we get any price action signal on that level, then we can go for sell and target will be 100-150 pips. So we need to wait for confirmation.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7283

Resistance One (R1): 0.7219

Pivot Point: 0.7167

Support One (S1): 0.7103

Support Two (S2): 0.7051