Eur/Usd : 16/02/2016 Technical Analysis Report
16th February 2016
CFX Admin
Our Preference: Sell Below 1.1190 for the target of 1.1090 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last EurUsd was closed on lower side but it was closed as bullish candle and closed above the key resistance 1.1100 level so its confirming for the buying side and we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Yesterday Eur/Usd was gab opened on lower side and its closed on lower side and new upper trend line was formed and its trading above the key resistance level of horizontal line so we can buy near the key support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Eur/Usd was broken the lower trend line so today we can sell near intraday resistance level and except upto next key support level of horizontal line :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was broken the lower trend line and its was trading in the triangle pattern now it was trading near lower trend line If lower trend line breaks means we can except on selling side so today we can sell near intraday resistance level and except upto next key support level of horizontal line :- which we have shown in attached image.
Technical Commentary: In Weekly Chart :- Last EurUsd was closed on lower side but it was closed as bullish candle and closed above the key resistance 1.1100 level so its confirming for the buying side and we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Yesterday Eur/Usd was gab opened on lower side and its closed on lower side and new upper trend line was formed and its trading above the key resistance level of horizontal line so we can buy near the key support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- Eur/Usd was broken the lower trend line so today we can sell near intraday resistance level and except upto next key support level of horizontal line :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was broken the lower trend line and its was trading in the triangle pattern now it was trading near lower trend line If lower trend line breaks means we can except on selling side so today we can sell near intraday resistance level and except upto next key support level of horizontal line :- which we have shown in attached image.