EURUSD Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

After big fall, eurusd has started some recovery towards the near term resistance area. On the chart we can see 200 EMA and 200 SMA is staying on same region at 1.1040-1.1060. This area is very strong resistance for this pair. This is key level for eurusd. We can look for sell from this area. Another sell zone lies on 1.1200 level. We can target 1.0820 and then 1.0600 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.113

Resistance One (R1): 1.1062

Pivot Point: 1.094

Support One (S1): 1.0872

Support Two (S2): 1.075