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EURGBP Technical Analysis (5-9 January,2015) | January 3, 2015



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EURGBP formed bullish pin bar on support area. Bullish rejection candle is formed on weekly chart. This pair failed to break support area at 0.7750 area. In daily chart, bullish engulfing is formed from the support area. So both daily and weekly candle is giving bullish signal on this pair. For buy, target will be 0.7950 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.7917

Resistance One (R1): 0.7872

Pivot Point: 0.7809

Support One (S1): 0.7764

Support Two (S2): 0.7701


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