EURUSD Weekly Technical Analysis 1-5 February, 2016 | January 30, 2016

Eurusd is still on ranging zone throughout the first of new year. It could be new trend coming of the new month. So we need to wait for new trend for joining with the trend. Meanwhile, we can take buy entry from support level of the ranging zone, sell entry from resistance zone. Support zone lies 1.0780-1.0810 level and resistance zone lies on 1.0960-1.1000 level.
If this pair can break the support level then this pair can fall more. Next target will be 1.0700 and then 1.0600. If any bullish sign can be seen on the support level, then we can go for buy on this pair and stop loss will be below the support level. For buy, first target will be 1.0980, then 1.1050.