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Eur/Usd : 23/03/2015 Technical Analysis Report

23rd March 2015 CFX Admin

Our Preference: Sell positions below 1.0920 for the target 1.0700 in extension.
Alternative Scenario: Buy above 1.0960 for the target of 1.1130.
 
Technical Commentary: In weekly chart : Eur/Usd was closed on higher side after tested back from 2003 yearly low,now its started to move next resistance level is 1.1010 level :- We have shown in attached image.
In Daily chart, Eur/Usd was moving in the triangle pattern and also its moving in the equidistant channel line and yesterday it was closed above the key support level 1.0750 level So we can except upto upper trend line and next key resistance level.
In 4 hour chart :- Eur/Usd was trading in the equidistant channel lines and now its trading near resistance line @ 1.0900 level & In 1 hour chart :- Eur/Usd was trading near key resistance levels. So we can sell near resistance level @ 1.0900 Levels.


In Daily chart, Eur/Usd was moving in the triangle pattern and also its moving in the equidistant channel line and yesterday it was closed above the key support level 1.0750 level So we can except upto upper trend line and next key resistance level.



Technical Commentary: In weekly chart : Eur/Usd was closed on higher side after tested back from 2003 yearly low,now its started to move next resistance level is 1.1010 level :- We have shown in attached image.



In 4 hour chart :- Eur/Usd was trading in the equidistant channel lines and now its trading near resistance line @ 1.0900 level & In 1 hour chart :- Eur/Usd was trading near key resistance levels. So we can sell near resistance level @ 1.0900 Levels.



In 4 hour chart :- Eur/Usd was trading in the equidistant channel lines and now its trading near resistance line @ 1.0900 level & In 1 hour chart :- Eur/Usd was trading near key resistance levels. So we can sell near resistance level @ 1.0900 Levels.



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