Weekly technical levels for EUR/USD for April 14-17, 2015
April 14, 2015 11:40 amVideo
Latest News
- USD/JPY: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- Trading Signals for GOLD (XAU/USD) for May 30-31, 2024: buy above $2,345 (oversold – 200 EMA) May 30, 2024
- GBP/USD: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- EUR/USD: Simple trading tips for novice traders on May 30th (US session) May 30, 2024
- GBP/USD: trading plan for the US session on May 30th (analysis of morning deals). The pound recovered slightly May 30, 2024
- EUR/USD: trading plan for the US session on May 30th (analysis of morning deals). The euro recovered slightly May 30, 2024
- Forex forecast 05/30/2024: EUR/USD, GBP/USD, SP500 and Bitcoin from Sebastian Seliga May 30, 2024
- Technical Analysis – ETHUSD pulls back from 2-month high May 30, 2024
- Technical Analysis – USDCHF plunges near rising trend line May 30, 2024
- EUR/USD. May 30th. Bears have taken the offensive. The euro is rapidly falling May 30, 2024
- Forecast of GBP/USD pair on May 30, 2024 May 30, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Oil May 30, 2024
- Video market update for May 30, 2024 May 30, 2024
- Technical Analysis – Gold flirts with lower Bollinger band May 30, 2024
- Has the pound rally run its course? – Special Report May 30, 2024
- USD/JPY: trading tips for beginners for European session on May 30 May 30, 2024
- Technical Analysis – USDJPY reapproaches multi-year highs May 30, 2024
- Market Comment – Dollar rallies as market angst spreads May 30, 2024
- GBP/USD: trading tips for beginners for European session on May 30 May 30, 2024
- EUR/USD: trading tips for beginners for European session on May 30 May 30, 2024
The weekly pivot point: 1.0736
Overview:
The resistance has already been set at
the level of 1.0736. Additionally, the double top is also coinciding with the
same price at the level of 1.0736. Moreover, the EUR/USD pair broke the weekly
pivot point last week and the price is still below it this week. Also, it
should be noted that the market has opened below the 1.0620 level today.
Consequently, the trend was downward and the range seemed extensive up to 90
pips. According to the previous events, the price of the EUR/USD pair has still
been moving between 1.0677 and 1.0440. Therefore, it will be advantageous to
sell at 1.0736 (the weekly pivot point) with the first target at 1.0570. If the
price is able to break a double bottom at 1.0567, it may resume to 1.0438 in
order to test the weekly support 1 and create a new double bottom. In spite of
this, stop loss should always be in account; accordingly, it will be of
beneficial to set the stop loss above weekly pivot point at the price of
1.0750.
The weekly technical levels for EUR/USD pair:
Related Posts: