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Eur/Usd : 20/04/2015 Technical Analysis Report

20th April 2015 CFX Admin

Our Preference: Sell below 1.0820 levels for the target of 1.0700.
Alternative Scenario: Nill
 
Technical Commentary: In Weekly chart :- Last week EurUsd was closed on higher side and EurUsd was trading in the sideways movements with range bound pattern between key resistance level 1.1000 and key support level 1.0500.
In Daily chart :- Eur/Usd was trading in the equidistant channel lines now its trading near upper channel line so we can sell below upper channel line keep stoploss above intraday resistance levels : - We have shown in attached image.
In 4 hour chart and In 1 hour chart :- Eur/Usd was trading in the equidistant channel lines and its trading below the key resistance level and its trading below upper trend line, so we can sell below upper channel line and key resistance level 1.0820:- We have shown in attached image. 


Technical Commentary: In Weekly chart :- Last week EurUsd was closed on higher side and EurUsd was trading in the sideways movements with range bound pattern between key resistance level 1.1000 and key support level 1.0500.



In Daily chart :- Eur/Usd was trading in the equidistant channel lines now its trading near upper channel line so we can sell below upper channel line keep stoploss above intraday resistance levels : - We have shown in attached image.



In 4 hour chart and In 1 hour chart :- Eur/Usd was trading in the equidistant channel lines and its trading below the key resistance level and its trading below upper trend line, so we can sell below upper channel line and key resistance level 1.0820:- We have shown in attached image.



In 4 hour chart and In 1 hour chart :- Eur/Usd was trading in the equidistant channel lines and its trading below the key resistance level and its trading below upper trend line, so we can sell below upper channel line and key resistance level 1.0820:- We have shown in attached image.



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