Technical Commentary: In daily chart :- Last 3 days there is less volume to break jey resistances and its was trading in equidistant channel lines with key resistance and support levels :- below we have shown in image.
In 1 hour Euro chart was trading in the equidistant channel lines with key support line :- below we have shown in image. At present euro was trading in selling trend and daily chart candlestick pattern showing selling trend, Buying pressure was very low on last week trading and yesterday also ,so we can except sell upto for our target 1.1270
In 4 hours Euro chart was trading in the triangle pattern near upper line & key resistance level so we can sell near upper resistance :- below we have shown in image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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