Technical Commentary: Last Week Eur/Usd was closed higher and like hammer pattern,But last 2 days couldn’t able to break last week high and trading in sideways moment and in daily chart eurusd was broken the lower trend line and trading below :- We have shown in image.
In 1 hour chart we got a good upper trend line and now it was trading below the upper trend line. Alternative scenario : If the level of upper trend line breaks and closing above the level 1.1400 means we can go on buying side upto next resistance level.
In 4 hours chart,Eur/Usd was trading in descending triangle pattern so we can sell below upper trend line 1.1380 so we can except on selling upto next key support levels 1.1330 & 1.1280.
In 4 hours chart,Eur/Usd was trading in descending triangle pattern so we can sell below upper trend line 1.1380 so we can except on selling upto next key support levels 1.1330 & 1.1280.
| 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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