EURUSD Technical Analysis

The pair has been performing well as we expected as discussed in the previous analysis article.

 Weekly

 

The weekly trend is forming a tight ascending triangle held by strong resistance and support zones marked by R and Z respectively. The triangle seems to have a bearish bias but confirmation will be the break of Z red trendline and then the immediate strong support zone is around 1.05592 marked by the blue horizontal line.












Daily
On the daily a break of the magenta trendline marked X will lead to fall into support of the ascending triangle support trendline marked Z. A break of Z red trendline will lead to retest of lows around the 1.05592 support zone marked by the blue horizontal line.



EURGBP Analysis
Analysis of the pair as discussed in the previous article still stands