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Eur/Usd : 05/03/2015 Technical Analysis Report

5th March 2015 CFX Admin

Our Preference: Sell positions below 1.1100 with stoploss of 1.1190 and target 1.1000 in extension.
Alternative Scenario: Nill
 
Technical Commentary: In Weekly chart,Eur/Usd was broken major key support line of yearly low 1.1100 and its was trading near 10 years low,So avoid on buying side to carry forward. We can wait upto this week end closing for buying side :- We have shown in image.
In Daily chart, Yesterday Eur/Usd was strongly closed below yearly support level, so we can sell near key resistance level 1.1100 and we can exit near intraday support levels.
In 4 hours chart, Eur/Usd was broken equidistant channel line on lower side, so we can sell near @ 1.1100 Level.
In 1 hour chart, Eur/Usd was trading in new equidistant channel lines and its broken major key support level. so we can sell near key resistance level 1.1100.


Technical Commentary: In Weekly chart,Eur/Usd was broken major key support line of yearly low 1.1100 and its was trading near 10 years low,So avoid on buying side to carry forward. We can wait upto this week end closing for buying side :- We have shown in image.



In Daily chart, Yesterday Eur/Usd was strongly closed below yearly support level, so we can sell near key resistance level 1.1100 and we can exit near intraday support levels.



In 1 hour chart, Eur/Usd was trading in new equidistant channel lines and its broken major key support level. so we can sell near key resistance level 1.1100.



In 4 hours chart, Eur/Usd was broken equidistant channel line on lower side, so we can sell near @ 1.1100 Level.



In 4 hours chart, Eur/Usd was broken equidistant channel line on lower side, so we can sell near @ 1.1100 Level.



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