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Eur/Usd : 09/12/2015 Technical Analysis Report

9th December 2015 CFX Admin

Our Preference: Buy above 1.0840 for the target of 1.0950 levels
Alternative Scenario: Nill
 
Technical Commentary: In Daily chart :- EurUsd was trading with upper trend line and trading below the key resistance 1.1060 level and yesterday EurUsd was closed on higher side as bullish candle and today EurUsd was broken yesterday high so today we can except on buying side upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :-  EurUsd was trading below the  upper trend line and trading above the support level so we can buy near support level and except upto next resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- After testing the key support level of horizontal level the EurUsd was trading with lower trend line so we can buy near support level and except upto next resistance level :- which we have shown in attached image.


Technical Commentary: In Daily chart :- EurUsd was trading with upper trend line and trading below the key resistance 1.1060 level and yesterday EurUsd was closed on higher side as bullish candle and today EurUsd was broken yesterday high so today we can except on buying side upto next resistance levels :- which we have shown in attached image.



In 4 Hour Chart :- EurUsd was trading below the upper trend line and trading above the support level so we can buy near support level and except upto next resistance levels :- which we have shown in attached image.



In 1 Hour Chart :- After testing the key support level of horizontal level the EurUsd was trading with lower trend line so we can buy near support level and except upto next resistance level :- which we have shown in attached image.



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