FX.co ★ Weekly technical levels of EUR/USD for June 16-20, 2014

The weekly technical levels of EUR/USD pair.

Trading recommendations: 

• According to the previous events, the major support is going to set at the level of 1.3477. Moreover, the price had hit the weekly pivot point and the support 1 last week. Furthermore, the level of 1.3573 is representing the weekly pivot point. So, we expect a new range of 66 pips today. Therefore, the price of the EUR/USD pair is going to move between 1.3573 and 1.3477. As a result, sell below the level of 1.3573 in the short term with the first target at 1.3511, it might resume to 1.3480 if the trend will be able to break the double bottom at 1.3511.