Centreforex
CentreForex.com Representative
- Messages
- 52
Eur/Usd : 16/12/2015 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1.0990 for the target of 1.0860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- After testing the upper trend line EurUsd was came back and closed on lower side as bearish candle and closed below the short term upper trend line and couldn’t able to break upper trend so its conforming for selling side so we can sell below the upper trend line and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading below the upper equidistant channel line and yesterday its broken the intraday triangle pattern on lower side and its trading below the key resistance level of horizontal line, its conforming for the 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 triangle pattern on lower side so its conforming for the selling side and we go head sell near key resistance level and except upto next support levels:- which we have shown in attached image.
Our Preference: Sell Below 1.0990 for the target of 1.0860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- After testing the upper trend line EurUsd was came back and closed on lower side as bearish candle and closed below the short term upper trend line and couldn’t able to break upper trend so its conforming for selling side so we can sell below the upper trend line and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- EurUsd was trading below the upper equidistant channel line and yesterday its broken the intraday triangle pattern on lower side and its trading below the key resistance level of horizontal line, its conforming for the 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 triangle pattern on lower side so its conforming for the selling side and we go head sell near key resistance level and except upto next support levels:- which we have shown in attached image.