EURUSD Weekly Analysis (30 March-3 April, 2015) | March 28, 2015

Eurusd has rejected from its resistance area. After fomc, this pair bounced back from 1.1030 area. Last week, this pair tested this level and fell from that level. Bearish engulfing candle has been formed on h4 time frame. This bearish reversal candle has been formed on daily candle also. So this sell signal on this pair. Now this pair can continue its down rally again. If this pair move up again, then we can look for sell on this pair. For selling on eurusd, we can wait for bearish candle confirmation on shorter time frame like h1, h4. So our recommendation for this pair is to stay on down side on eurusd and target will be 1.0670 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1185

Resistance One (R1): 1.1034

Pivot Point: 1.0900

Support One (S1): 1.0749

Support Two (S2): 1.0615