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Eur/Usd : 11/01/16 Technical Analysis Report

11th January 2016 CFX Admin

Our Preference: Buy Above 1.0860 for the target of 1.0990 levels
Alternative Scenario: Nill
 
Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image.
 In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image.
In 1 Hour Chart :-  EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.


Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image. In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image. In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image. In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.



Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image. In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image. In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image. In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.



Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image. In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image. In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image. In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.



Technical Commentary: In Weekly Chart :- Eur/Usd was trading in the equidistant channel lines and last week it was closed on higher side and closed near upper equidistant channel line if upper channel line breaks means we expect on buying side :- which we have shown in attached image. In Daily chart :- EurUsd was broken the triangle pattern on upper side and last 2 days it was closed on higher side now pervious upper trend line acting as key support level so we can buy above the last days high and except upto next key resistance levels :- which we have shown in attached image. In 4 Hour Chart :- EurUsd was broken the triangle pattern on upper side and now pervious upper trend line acting as key support level and major key support level of horizontal line so we can buy above the key support level and except upto next resistance level :- which we have shown in attached image. In 1 Hour Chart :- EurUsd was trading in the equidistant channel line and its broken the upper trend line and key resistance level so its confirming for buying zone so we except from key support level :- which we have shown in attached image.



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