EURGBP Weekly Technical Analysis (11-15 May,2015) | May 9, 2015

Eurgbp has rejected from resistance level at 0.7450. From that area this pair fell rapidly. Now it is staying on support area. 0.7225 area is good support for this pair now. If it can break this level, then we can get bearish rally again on this pair. This pair is full of bearish momentum. So we need to wait for breakout of this support area for continuation of this bearish rally.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7576

Resistance One (R1): 0.7412

Pivot Point: 0.7318

Support One (S1): 0.7154

Support Two (S2): 0.706