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Eur/Usd : 25/01/2017 Technical Analysis Report

3rd February 2017 CFX Admin

Our Preference: Buy above 1.0700 for the target of 1.0800 levels
Alternative Scenario: Sell Below 1.0650 for the target of 1.0550 levels
 
Technical Commentary: In Daily Chart  :- In daily chart EurUsd  was broken the upper trend line and its trading above the upper trend line and EurUsd was moving towards next key resistance level of horizontal line 1.0800 levels so we can go head on buyoff with stoploss below last two days low :- which we have shown in attached image. 
In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and now  its was trading in range bound pattern so we can sell near next resistance level of upper trend line and If lower channel line breaks means we can except heavy sell off  upto next key support levels :- which we have shown in attached image. 
 


Technical Commentary: In Daily Chart :- In daily chart EurUsd was broken the upper trend line and its trading above the upper trend line and EurUsd was moving towards next key resistance level of horizontal line 1.0800 levels so we can go head on buyoff with stoploss below last two days low :- which we have shown in attached image.



In 4 Hour Chart and 1 Hour Chart :- EurUsd was trading in the equidistant channel lines and now its was trading in range bound pattern so we can sell near next resistance level of upper trend line and If lower channel line breaks means we can except heavy sell off upto next key support levels :- which we have shown in attached image.



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