After forming a tweezers bottom candle stick pattern on the daily chart for the week ended 20 February 2016, the {{1|EURUSD}} pair traded lower for the week and closed at 1.1135 on Friday, following a low at 1.1064. 4H RSI and Stochastic indicators are trading above 50 with positive showing further confirming the bullish stance.
Key support is located 1.1100/05 followed by 1.0947/45 and 1.0810/15. A move back below 1.0945 might trigger further downside on the pair. Important resistant is situated at the 1.1400/50, the high from Oct. 15, followed by 1.1535/40 and 1.1692/95.
By: Mohammad Thanish
