Weekly technical levels for EUR/USD for April 14-17, 2015
April 14, 2015 11:40 amVideo
Latest News
- The ECB also has reasons to worry April 26, 2024
- The dollar: there would have been no happiness, but misfortune helped April 26, 2024
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 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: