EUR/USD Weekly Technical Analysis:
EUR/USD remains in downtrend. In August last two weeks we have seen Eur weakness nearly 300 PIPS and close near to our support Zone of 1.3163 to 1.3131 level. In short term time frames showing some bullish divergense, we can expect some bullish run in short term.
In medium term aspect we can expect more weakness in EURO. If 1.3131 level breaks below on coming weeks we could expect another 300 pips rally on EUR/USD to the next support level of 1.2834.
In September month we can expect more weakness on EURO.
GANN Support and Resistance Levels:
S3
|
S2
|
S1
|
R1
|
R2
|
R3
|
1.2595 - .2563
|
1.2834
|
1.3131 - 3163
|
1.3407
|
1.3558
|
1.3710
|
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