Eur/Usd : 13/06/2016 Technical Analysis Report
13th June 2016
CFX Admin
Our Preference: Sell Below 1.1300 for the target of 1.1220 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week EurUsd was tested the uptrendline of the triangle pattern and its was closed on lower side as bearish candle and EurUsd was trading in the triangle pattern so we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In Daily Chart :- EurUsd was trading in the equidistant channel line and its trading below the resistance of horizontal line and new upper trend line was formed as resistance line and last 2 days Eur/Usd was closed as bearish candle and its closed on lower side so its confirming for the selling side and we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the triangle pattern so we can sell near key resistance level and except upto next key support levels of lower trend line :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was trading in the triangle pattern and its was trading in the equidistant channel lines and its trading below the key resistance level so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- EurUsd was trading in the equidistant channel line and its trading below the resistance of horizontal line and new upper trend line was formed as resistance line and last 2 days Eur/Usd was closed as bearish candle and its closed on lower side so its confirming for the selling side and we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In Weekly Chart :- Last week EurUsd was tested the uptrendline of the triangle pattern and its was closed on lower side as bearish candle and EurUsd was trading in the triangle pattern so we can sell near key resistance level and except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Eur/Usd was trading in the triangle pattern and its was trading in the equidistant channel lines and its trading below the key resistance level so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading in the triangle pattern so we can sell near key resistance level and except upto next key support levels of lower trend line :- which we have shown in attached image.