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Eur/Usd : 19/03/2015 Technical Analysis Report

19th March 2015 CFX Admin

Our Preference: Buy positions above 1.0630 for the target of target 1.0700 in extension.
Alternative Scenario: Untill Weekly closing
 
Technical Commentary: In Daily chart, Yesterday Eur/Usd was moved 400 pips on higher side with broken of 5 days high and closed above major key resistance levels 1.0630,1.0700 & 1.0760 and its was trading in the equidistant channel line .
In 4 hour chart, Eur/Usd was broken the equidistant channel lines on higher side and its trading above the channel line and lower support trend line was formed so we can buy near upper channel line.
In 1 hour chart, Eur/Usd was broken the triangle pattern on upper side so we can buy near upper line :- We have shown in image.


Technical Commentary: In Daily chart, Yesterday Eur/Usd was moved 400 pips on higher side with broken of 5 days high and closed above major key resistance levels 1.0630,1.0700 & 1.0760 and its was trading in the equidistant channel line .



In 1 hour chart, Eur/Usd was broken the triangle pattern on upper side so we can buy near upper line :- We have shown in image.



In 4 hour chart, Eur/Usd was broken the equidistant channel lines on higher side and its trading above the channel line and lower support trend line was formed so we can buy near upper channel line.



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