Weekly technical levels the EUR/USD pair.
Pivot point among resistances and supports.
- If the price is at pivot point (1.3732), watch for a move back to resistance 1 (1,3778) or support 1 (1.3691).
- If the price is at resistance 1 (1.3778), expect a move to resistance 2 (1.3819) or back towards the pivot point (1.3732).
- If the price is at support 1 (1.3691), expect a move to support 2 (1.3645) or back towards resistance 1 (1.3778).
- If the price is at support 2 (1.3645), expect a move to support 3 (1.3604) or back towards support 1 (1.3691).
- If the price is at resistance 2 (1.3819), expect a move to resistance 3 (1.3865) or back towards resistance 1 (1.3778).
Notes:
- It should be noted that if there is no significant news to influence, the market price will be moving from pivot point to resistance 1 or support 1. But if there is significant news to influence, the market price may go straight through resistance 1 or support 1 and reach resistance 2 or support 2 and even resistance 3 or support 3.
- We expect a new range about 145 pips this week.
- The key level will set at the level of 1.3860.
