EURUSD Weekly Technical Analysis (8-12 June,2015) | June 7, 2015

Eurusd has back to its downtrend again. More downtrend can be expected if it can break 1.1050 area. This is very critical level for this pair. So for taking any entry, confirmation is needed. If any h4 candle close below this level, then we can get bearish confirmation for taking sell entry. On the other hand, it is facing 200 SMA and 200 EMA on H4 chart. So if we find any bullish candle from this level, then we can go for buy on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.1618

Resistance One (R1): 1.1364

Pivot Point: 1.1126

Support One (S1): 1.0872

Support Two (S2): 1.0634