EURUSD Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015

Eurusd has broken physiological 1.1000 level. After breakout it fell rapidly. More down rally is expected in this pair. Next target will be 1.0750 area and then 1.0500. So there is more space for falling on this pair. 1.1000 level will act now as good resistance for this pair. So this level will be good selling zone for this pair. From that level, we can find sell entry and target will be 1.0500 area. In H4, a pin bar was formed at 1.1110 level. After that pin bar, this pair fell rapidly. So this rejection pin bar is giving sell signal on eurusd. As this pair is full of down trend, we need to stay with the trend and we should find sell entry on eurusd.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1374

Resistance One (R1): 1.1109

Pivot Point: 1.0973

Support One (S1): 1.0708

Support Two (S2): 1.0572