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EURGBP Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015
Eurgbp is still following 50 EMA on h4 time frame. If this pair stay below this 50 ema, we can see more down rally. This pair is respecting this ema in h1 time frame also. We can see a rejection pin bar on h4 time frame also. After that pin bar, this pair fell rapidly. More downward movement can be seen on this pair. We should wait for retrace on this pair and then if we get any bearish candle, then we can take sell entry on eurgbp. Target will be 0.7000 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7350
Resistance One (R1): 0.7279
Pivot Point: 0.7230
Support One (S1): 0.7159
Support Two (S2): 0.7110
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