EURUSD Weekly Analysis

EURUSD H4 Chart:

EURUSD DAILY CHART:

EURUSD WEEKLY CHART:

EURUSD MONTHLY CHART:

Chart Analysis: According to H4 chart EURUSD moving according to price channel. After testing channel upper boundary its now on they way of testing lower boundary. Price level now just below the daily pivot level so bearish sentiment still strong. But this price level can take short bounce from 1.27235 level where have daily first support and 50 EMA.

If we check daily chart then we can see hanging man candle pattern with confirmation. So EU can bearish towards 1.265 level before further upside momentum.

Weekly Pivot Level:

Classic

1.2630

1.2687

1.2724

1.2781 (PP)

1.2818

1.2875

1.2912

EURUSD Weekly Analysis