Eur/Usd : 15/03/2016 Technical Analysis Report
15th March 2016
CFX Admin
Our Preference: Buy Above 1.1060 for the target of 1.1160 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on higher side as bullish candle and closed above the key resistance 1.1090 levels so its confirming for the buying side and its was trading in the triangle pattern so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Last 2 Days Eur/Usd was closed above the key resistance level and its was trading in the new triangle pattern and its trading above the key resistance level of horizontal line so we can buy near last 2 days low or 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 :- After testing the upper trend line Eur/Usd moving towards the key support level of horizontal line so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was trading in the triangle pattern and its was trading above the key resistance level so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Last 2 Days Eur/Usd was closed above the key resistance level and its was trading in the new triangle pattern and its trading above the key resistance level of horizontal line so we can buy near last 2 days low or we can buy near the key support level and except upto next key resistance level :- which we have shown in attached image.
Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on higher side as bullish candle and closed above the key resistance 1.1090 levels so its confirming for the buying side and its was trading in the triangle pattern so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was trading in the triangle pattern and its was trading above the key resistance level so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- After testing the upper trend line Eur/Usd moving towards the key support level of horizontal line so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.