EURUSD Weekly Technical Analysis 25-29 January, 2016 | January 23, 2016

Eurusd has reached to near term resistance level at 1.0780. This level can be critical level for this pair. Next week, we need to look at this level. We can wait for breakout of this level. If this level can be broken, then more fall would be expected. For sell, first target will be 1.0700 level, then 1.0600 level.


If any bullish candle can be formed on this level, then we can expect some bullish movement on this pair. Target will be 1.0980 level. Stop loss will be below the low level of the week. For buy target can be extended upto 1.1200 level.


So we need to wait for confirmation before taking entry from this pair.