EURGBP Weekly Technical Analysis (18-22 May,2015) | May 16, 2015

A bullish pin bar has been formed on weekly chart. It is showing its bullish power. On daily chart, a big bullish candle formed on daily and it has broken its resistance at 0.7226 area. Now it can go up more. We can wait for retest of this area and then we can go for buy on eurgbp. We can target 0.7380 for our buy entry.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7387

Resistance One (R1): 0.7331

Pivot Point: 0.7227

Support One (S1): 0.7171

Support Two (S2): 0.7067