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EURUSD Weekly Technical Analysis | December 6, 2014
EURUSD broke its support at 1.2360 last week. It is now towards into its weekly trendline. This trendline can be good support for this pair. This pair is full of down momentum. With the break of this trendline line, we can see down rally again. Next target will be 1.2000 area. This pair is staying on oversold area. So sellers should not take entry from this area. Selling zone for this pair is 1.2360 level. 1.2500 can be good area for sell entry.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2589
Resistance One (R1): 1.2431
Pivot Point: 1.2350
Support One (S1): 1.2192
Support Two (S2): 1.2111
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