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Eur/Usd : 14/01/2016 Technical Analysis Report

14th January 2016 CFX Admin

Our Preference: Buy Above 1.0850 for the target of 1.0990 levels
Alternative Scenario: Sell Below 1.0800 for the target of 1.0720 levels
 
Technical Commentary: In Daily chart :- Yesterday EurUsd was trading in the triangle pattern and yesterday it was tested the key support level of horizontal line and yesterday it was closed on higher side as bullish candle and its was trading near upper trend line if upper trend line breaks means we except on buying zone , today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart : EurUsd was trading in the triangle pattern and its was trading in the sideways movement between key support level and key resistance level,After testing the support level its was bounced back now it was trading near upper trend line if upper trend line breaks means we except on next key resistance levels :- which we have shown in attached image. 


Technical Commentary: In Daily chart :- Yesterday EurUsd was trading in the triangle pattern and yesterday it was tested the key support level of horizontal line and yesterday it was closed on higher side as bullish candle and its was trading near upper trend line if upper trend line breaks means we except on buying zone , today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart : EurUsd was trading in the triangle pattern and its was trading in the sideways movement between key support level and key resistance level,After testing the support level its was bounced back now it was trading near upper trend line if upper trend line breaks means we except on next key resistance levels :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart : EurUsd was trading in the triangle pattern and its was trading in the sideways movement between key support level and key resistance level,After testing the support level its was bounced back now it was trading near upper trend line if upper trend line breaks means we except on next key resistance levels :- which we have shown in attached image.



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