EURGBP Weekly Technical Analysis (6-10 April, 2015) | April 4, 2015

Eurgbp has touched 50 ema on daily chart chart. This pair had rejected previously from this moving average. So there is a chance to fall from this ema again. We can wait for rejection candle from this 50 ema and then we can start selling on this pair, Last week, we saw power on this pair. On the last trading day, it has loose its bullish power and seems it has been rejected from 50 ema. So we should stay on sell side below this moving average.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7473

Resistance One (R1): 0.741

Pivot Point: 0.7315

Support One (S1): 0.7252

Support Two (S2): 0.7157