Weekly technical levels of the EUR/USD pair.
Notes:
- The double top will set at the level of 1.3966.
- The minor support is going to set at 1.3901. And this level is going to represent the weekly pivot point on March 17, 2014.
- The major support had already set at the price of 1.3836. Moreover, the double bottom is also coinciding with the major support for March 17-21, 2014.
- The price hit the weekly pivot point and the resistance 1 last week, because of the series of relatively equal highs and equal lows.
- We expect a range of 153 pips this week.
Technical levels for March 17-21, 2014.
- Projected high: 1.4184
- Breakout (buy stop): 1.4129
- Strong resistance (sell limit): 1.4099
- Current pivot: 1.3900
- Strong support (buy limit): 1.3700
- Breakout (sell stop): 1.3675
- Projected low: 1.3625
