Eur/Usd : 02/02/2017 Technical Analysis Report
3rd February 2017
CFX Admin
Our Preference: Buy above 1.0750 for the target of 1.0810 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was broken triangle pattern on upper side of the trend line and its closed above the upper trend line and EurUsd next expectation towards next key resistance level of horizontal line 1.0800 levels so we can buy near key support level of lower trend line and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the equidistant channel lines and the range bound pattern was broken on upper side so its was confirming for buy side, we can buy near key support level and except upto next key resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and its trading with upper trend line and its trading above the key resistance of horizontal line so we can buy above the resistance level and except upto next key resistance levels :- which we have shown in attached image.
Technical Commentary: In Daily Chart :- EurUsd was broken triangle pattern on upper side of the trend line and its closed above the upper trend line and EurUsd next expectation towards next key resistance level of horizontal line 1.0800 levels so we can buy near key support level of lower trend line and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the equidistant channel lines and the range bound pattern was broken on upper side so its was confirming for buy side, we can buy near key support level and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the equidistant channel lines and the range bound pattern was broken on upper side so its was confirming for buy side, we can buy near key support level and except upto next key resistance levels :- which we have shown in attached image.