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Eur/Usd : 07/12/2015 Technical Analysis Report

7th December 2015 CFX Admin

Our Preference: Sell Below 1.0900 for the target of 1.0770 levels.
Alternative Scenario: Buy above 1.0770 for the target of 1.1000 levels with very tight stoploss
 
Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on higher side as bullish candle and closed above the key resistance level and we got new resistance upper trend line so we can buy near key support level and except upto upper trend line and except upto last week high :- which we have shown in attached image.
 In Daily chart :- EurUsd was trading above the key resistance level of  horizontal line so we can except on buying side and we can buy near key support level :- which we have shown in attached image.
In 4 Hour chart and 1 Hour chart :-  EurUsd was trading below new upper trend line and so today we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.


Technical Commentary: In Weekly Chart :- Last week EurUsd was closed on higher side as bullish candle and closed above the key resistance level and we got new resistance upper trend line so we can buy near key support level and except upto upper trend line and except upto last week high :- which we have shown in attached image.



In Daily chart :- EurUsd was trading above the key resistance level of horizontal line so we can except on buying side and we can buy near key support level :- which we have shown in attached image.



In 4 Hour chart and 1 Hour chart :- EurUsd was trading below new upper trend line and so today we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.





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