Ardy

EURUSD - Weekly Chart Analysis

FX:EURUSD   Euro/U.S. Dollar
209 0 0
The pair is now dead smack on the resistance level at around 1.334. On a bullish note, its seems that it has broken above the minor down trend line marked in red and last weeks candle close looks bullish with a pin tail above the red minor down trend line .

If the bulls decide to push this higher, we might see it reaching at least the 50% Fib level at 1.34718 and next resistance can be seen at 1.36386 level.

I would turn bearish in this pair if the weekly close this week falls back below the red down trend line .
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