EURUSD Weekly Technical Analysis | December 13, 2014

EURUSD rejected from trendline. It is now on short term bullish bias. It is near to important resistance at 1.2480-1.2500 level. If any bearish candle is formed in this key resistance, then we can take sell entry. So this can be good selling area. Next sell zone lies on 1.2580-1.2600 area. So below these resistances, this pair is still on downtrend. On the other side, If this pair break 1.2600 level, then bullish rally can extend upto 1.2770 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.2590

Resistance One (R1): 1.2437

Pivot Point: 1.2354

Support One (S1): 1.2201

Support Two (S2): 1.2118