The Weekly technical levels of EUR/USD pair:
Short-term forecast:
According to previous events, the EUR/USD pair is going to move between the levels of 1.2615 and 1.2730. The resistance will be formed at the level of 1.2765 providing a clear signal for sell deals with the target seen at 1.2636 in order to test the weekly pivot point. Also, it should be noted that the double top will set at the point of 1.2790 in H1 chart. However, stop-loss is to be placed above the double top around the area of 1.2535. Additionally, the support will be formed at the level of 1.2575; therefore, it should expect a range of 255 pip this week (from the level of 1.2535 to 1.2790). It should aslo noted that the risk of 170 pips is seen to make a profit of 255 pips.Warnings:
Stop loss should never exceed your maximum exposure amounts. As a rule, the market is highly volatile if the last day had a huge volatility. Volatility of the last week was around 356.70.