Weekly technical levels of the EUR/USD pair.
Trading recommendations:
According to the previous events, the price of EUR/USD pair has still been moving between 1.3490 and 1.3350. The support has already set at the price of 1.3350 and the double bottom will be placed at the 1.3331 price. Buy above the level of 1.3335/1.3350 with the first target of 1.3390 in order to test the weekly pivot point; it might resume to 1.3430. Also, it should be noted that the resistance sets at 1.3450. Therefore, below the level of 1.3450, look for further downside with the 1.3400 and 1.3366 targets.Comment:
The weekly pivot point sets at 1.3398 could hit the moving average (50). Stop loss should never exceed your maximum exposure amounts. As a rule, the market is highly volatile (133.81) if the previous day had a huge volatility.