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