In Daily chart, Eur/Usd was trading in the equidistant channel lines and day before day its tested upper trend line and key resistance level of 1.1100 levels and closed below so its confirming for the selling trend - We have shown in attached image.
Technical Commentary: In Weekly chart, Eur/Usd was couldn’t able to brake last previous week high and closed lower side on last week and below we have a good support level @ 1.0730, so we can except sideways movements between Key resistance 1.1100 and key support level of 1.0730 :- We have shown in attached image.
In 4 hour chart :- Eur/Usd was trading near upper trend line and key resistance level of 1.0900, so we can sell near 1.0900 levels and we can exit near intraday support level of 1.0820 or we can wait upto next support level 1.0730 :- We have shown in attached image.
In 1 hour chart :- Eur/Usd was trading in the triangle pattern and its trading below key resistance level, So we can sell near resistance levels :- We have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
We are here to help you
