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

Eurgbp has formed bullish engulfing on daily chart. After that bullish candle, this pair is moving up. We also saw bullish divergence on h4 chart last week. Now we have found confirmation. We can expect more bullish rally on this pair. Next target can be 0.7280 level. Buying zone for this pair is 0.7100 area. We can take buy from low area on eurgbp.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7293

Resistance One (R1): 0.7238

Pivot Point: 0.7147

Support One (S1): 0.7092

Support Two (S2): 0.7001