Weekly technical levels:
Overview:
- The EUR/USD pair has rebounded from the minor support at the level of 1.3756, and it is now approaching its support in order to test it. Moreover, it should be noted that the price of 1.3756 is representing the weekly pivot point for March 3-7, 2014. So it will probably start upside movement in this area and recovery again. Therefore, it will be a good sign to buy at this spot with the first target of 1.3823 to form the double top and continue towards 1.3863 (it should be noted that this level will form the weekly resistance 1). On the other hand, in case of a break of 1.3740, a good place for stop loss will be below 1.3740.
