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Eur/Usd : 01/02/2016 Technical Analysis Report

1st February 2016 CFX Admin

Our Preference: Sell Below 1.0900 for the target of 1.0810 levels
Alternative Scenario: Nill
 
Technical Commentary: In Weekly Chart :- Last week Eur/Usd was tested the upper trend line of the triangle and its was closed on lower side of the lower trend line so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In Daily Chart  and 4 Hour Chart :- Eur/Usd was trading in the triangle pattern and last day its was closed on lower side as bearish candle and it was trading near lower trend line of the triangle pattern if the lower trend  breaks means we except on selling zone and its was trading in the sideways movement between key resistance level and key support level, so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour :- EurUsd was broken the equidistant channel line on lower side so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image. 


Technical Commentary: In Weekly Chart :- Last week Eur/Usd was tested the upper trend line of the triangle and its was closed on lower side of the lower trend line so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.



In Daily Chart and 4 Hour Chart :- Eur/Usd was trading in the triangle pattern and last day its was closed on lower side as bearish candle and it was trading near lower trend line of the triangle pattern if the lower trend breaks means we except on selling zone and its was trading in the sideways movement between key resistance level and key support level, so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.



In Daily Chart and 4 Hour Chart :- Eur/Usd was trading in the triangle pattern and last day its was closed on lower side as bearish candle and it was trading near lower trend line of the triangle pattern if the lower trend breaks means we except on selling zone and its was trading in the sideways movement between key resistance level and key support level, so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.



In 1 Hour :- EurUsd was broken the equidistant channel line on lower side so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.



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