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Eur/Usd : 04/02/2016 Technical Analysis Report

4th February 2016 CFX Admin

Our Preference: Buy Above 1.1040 for the target of 1.1200 levels
Alternative Scenario: Nill
 
Technical Commentary: In Daily Chart  :- Eur/Usd was broken the long term upper trend line and reached key resistance level of horizontal line and yesterday it was closed on higher side so its confirming for the buying side and 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 :- Eur/Usd broken the triangle pattern on upper side and also broken the sideways movement on upper side and broken the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour :- EurUsd was trading in the equidistant channel line, yesterday it tested the upper trend line of equidistant channel lines and trading above the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.  


Technical Commentary: In Daily Chart :- Eur/Usd was broken the long term upper trend line and reached key resistance level of horizontal line and yesterday it was closed on higher side so its confirming for the buying side and 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 :- Eur/Usd broken the triangle pattern on upper side and also broken the sideways movement on upper side and broken the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



In 1 Hour :- EurUsd was trading in the equidistant channel line, yesterday it tested the upper trend line of equidistant channel lines and trading above the key resistance level of horizontal line so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



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