EURUSD Weekly Technical Analysis (20-24 July, 2015 Forex Trading Case Study)

 

EUR-USD is staying critical support zone. If it can break this level (1.0824), then we can get more fall on this pair. 1.0824 is critical support. After breaking this level, we can target 1.0714 level. So we need to find sell opportunity from this pair.

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With some retrace on this pair, we can join on this falling of EUR-USD. We can use 100 and 200 moving average on shorter time frame to get good sell entry on this pair.

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Weekly Pivot, Support and Resistance

 

  • Resistance Two (R2): 1.1319
  • Resistance One (R1): 1.1073
  • Pivot Point: 1.0951
  • Support One (S1): 1.0705
  • Support Two (S2): 1.0583

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