Technical Commentary: In daily chart :- Last 6 days there is less volume to break upper trend line and Key resistance line levels and yesterday closing was lower like inverse hammer pattern, if it breaks yesterday low means it will come upto lower Key support line :- We have shown in image.
In 1 hour chart,Eur/Usd was trading near lower trend line. At present Eur/Usd was trading in consolidation level with key resistances and support levels and last 6 days buying pressure was very low and couldn’t able to break key resistance level so we can except sell upto our key support levels.
In 4 hours chart,Eur/Usd was trading in descending triangle pattern so we can except on selling side to break lower trend line then upto next key support levels.
| 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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