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Eur/Usd : 11/12/2015 Technical Analysis Report

11th December 2015 CFX Admin

Our Preference: Sell Below 1.0980 for the target of 1.0900 levels
Alternative Scenario: Nill
 
Technical Commentary: In Daily chart :- Yesterday EurUsd was closed below the upper trend line and its closed as bearish engulfing candle pattern  so today we can except on selling side upto next support levels of horizontal line :- which we have shown in attached image.
In 4 Hour Chart :-  EurUsd was trading below the upper trend line and trading below key resistance level of horizontal line and now its trading in the triangle pattern and trading near lower trend line , If  lower trend line breaks means we can except on selling side so we can sell near key resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- EurUsd was broken the lower trend line and last 5 days euro was trading in the sideways movement between key resistance level and key support levels so we can sell near key resistance level and except upto next support levels:- which we have shown in attached image.


Technical Commentary: In Daily chart :- Yesterday EurUsd was closed below the upper trend line and its closed as bearish engulfing candle pattern so today we can except on selling side upto next support levels of horizontal line :- which we have shown in attached image.



In 4 Hour Chart :- EurUsd was trading below the upper trend line and trading below key resistance level of horizontal line and now its trading in the triangle pattern and trading near lower trend line , If lower trend line breaks means we can except on selling side so we can sell near key resistance level and except upto next support levels :- which we have shown in attached image.



In 1 Hour Chart :- EurUsd was broken the lower trend line and last 5 days euro was trading in the sideways movement between key resistance level and key support levels so we can sell near key resistance level and except upto next support levels:- which we have shown in attached image.



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