Weekly technical levels of the EUR/USD pair.
Notes:
- Strong resistance will be set at the level of 1.3849.
- The double top is going to set at 1.3875 level.
- The price hit the weekly pivot point and the support 1 last week.
- We expect a range of 210 pips this week.
- The weekly pivot point (1.3777) represents the key level this week.
Forecast:
- According to the previous events, the price of the EUR/USD pair has still been moving between 1.3730 and 1.3777.
- Sell above the price of 1.3850 in the long term with the first target at 1.3790, it might resume to 1.3700 if the trend will be able to break the weekly pivot point at 1.3777.
Weekly technical levels:
Date & Time: 31/03/2014 11:55
Pair: EUR/USD
- Projected high: 1.4131
- Breakout (buy stop): 1.4076
- Strong resistance (sell limit): 1.4046
- Current pivot: 1.3790
- Strong support (buy limit): 1.3533
- Breakout (sell stop): 1.3508
- Projected low: 1.3458
