Weekly technical levels of EUR/USD for August 25-29, 2014

Weekly technical levels of the EUR/USD pair.

 

Notes

We expect a range about 185 pips this week. The risk of 123 pips must make a profit of 185 pips. The value of 50% Fibonacci retracement levels is 1.3329. The weekly pivot point will be set at the price of 1.3285. The level of 1.3285 and 1.3329 will confirm the bullish market. Volatility was 235.56; as a rule, the market is highly volatile if the last day had a huge volatility.

Technical levels:

Pair: EUR/USD

It should be noted that the price will be moving between 1.3174 and 1.3285 today. Projected high: 1.3351 Strong resistance (sell limit): 1.3330. The resistance will be at the price of 1.3329. Current pivot: 0.8751 Breakout (sell stop): 1.3170. The support will be set at the price of 01.3173. Projected low: 1.3110