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Eur/Usd : 16/03/2015 Technical Analysis Report

16th March 2015 CFX Admin

Our Preference: Sell positions below 1.0620 for the target of target 1.0560 in extension.
Alternative Scenario: Untill Weekly closing
 
Technical Commentary: In weekly chart, Eur/Usd broken 10years low and still its moving selling trend so be caution on buying side upto weekly closing,
In Daily chart, Eur/Usd was trading in the selling trend with upper trend line and key resistance 1.0700 level and its trading below 10 years low,
In 4 hour chart and 1 hour chart, Eur/Usd was trading in equidistant channel lines below key resistance level so we can sell near intraday resistance level:- We have shown in image.


In Daily chart, Eur/Usd was trading in the selling trend with upper trend line and key resistance 1.0700 level and its trading below 10 years low,



Technical Commentary: In weekly chart, Eur/Usd broken 10years low and still its moving selling trend so be caution on buying side upto weekly closing,



In 4 hour chart and 1 hour chart, Eur/Usd was trading in equidistant channel lines below key resistance level so we can sell near intraday resistance level:- We have shown in image.



In 4 hour chart and 1 hour chart, Eur/Usd was trading in equidistant channel lines below key resistance level so we can sell near intraday resistance level:- We have shown in image.



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