EURUSD Technical Analysis (23-27 February,2015) | February 21, 2015

Eurusd is still staying on ranging zone. This range is between 1.1280-1.1450 area. We can see that this pair has tested 1.1450 three times. So it is now acting as good resistance. If this pair can stay below this resistance, we can expect down rally again. So we can take sell from that resistance level. We can set stop loss above 1.1450 area and target 1.1100 area for long term. On the other hand, 1.1260-1.1280 area is acting as important support for this pair. If this pair break this support, we can get rapid fall on this pair. After breakout, we can target 1.1100 area. Main trend of this pair is still down trend. So our recommendation is to stay on downside.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1539

Resistance One (R1): 1.1459

Pivot Point: 1.1369

Support One (S1): 1.1289

Support Two (S2): 1.1199