EURGBP Weekly Technical Outlook (2-6 March, 2015) | March 1, 2015

Eurgbp is following its downtrend. It continued its down rally. We can see that this pair is facing resistance on 50 EMA on H1 time frame. We can see on the chart, every time this pair has touched 50 EMA on H1 and rejected from that moving average. So this 50 ema can be good for taking entry from this pair. We can combine with 200 ema. This pair is also following 200 EMA as a resistance. These moving averages are good level for taking sell entry. We should look for sell entry on this pair.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7458

Resistance One (R1): 0.7354

Pivot Point: 0.7299

Support One (S1): 0.7195

Support Two (S2): 0.7140