EURGBP Weekly Analysis (30 March-3 April, 2015) | March 29, 2015

Eurgbp has rejected from 50 ema on daily chart. We can see that this pair has formed a bearish pattern on 50 ema which indicates its bearish power. Now it is facing support at 0.7300 area. If it can break this little support, then we can expect more down on this pair. This pair is still on downtrend. 0.7400-0.7440 level is still resistance level for this pair. So we can look for sell from that level. Target will be 0.7200 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7462

Resistance One (R1): 0.7384

Pivot Point: 0.7305

Support One (S1): 0.7227

Support Two (S2): 0.7148