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Eur/Usd : 11/05/2015 Weekly Technical Analysis Report

11th May 2015 CFX Admin

Our Preference: Sell Below 1.1260 levels for the target of 1.1150 and 1.1080 levels.
Alternative Scenario: Nill
 
Technical Commentary: In Weekly Chart :- Last week Eur/Usd was closed like doji pattern at higher side and Eur/Usd came back after testing the key resistance 1.1280 levels, so we can except sell near key resistance level upto next support levels .
In Daily chart :-  Eur/Usd Came back down after testing the key resistance level and upper trend line of 1.1280 level and Eur/Usd was trading with upper trend line so today we can except some correction upto next support levels, we can sell below the key resistance level 1.1280 for the target of 1.1080 levels.
In 4 hour chart :- Eur/Usd was broken the lower trend line and now its trading with upper trend line and the trading below key resistance level,
In 1 hour chart  :- Eur/Usd was trading with upper trend line and its trading between key resistance level and key support level like as range bound pattern:- We have shown in attached image. 


Technical Commentary: In Weekly Chart :- Last week Eur/Usd was closed like doji pattern at higher side and Eur/Usd came back after testing the key resistance 1.1280 levels, so we can except sell near key resistance level upto next support levels .



In Daily chart :- Eur/Usd Came back down after testing the key resistance level and upper trend line of 1.1280 level and Eur/Usd was trading with upper trend line so today we can except some correction upto next support levels, we can sell below the key resistance level 1.1280 for the target of 1.1080 levels.



In 4 hour chart :- Eur/Usd was broken the lower trend line and now its trading with upper trend line and the trading below key resistance level,



In 1 hour chart :- Eur/Usd was trading with upper trend line and its trading between key resistance level and key support level like as range bound pattern:- We have shown in attached image.



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