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Technical Analysis
Daily Technical Analysis Report From CentreForex
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[QUOTE="Centreforex, post: 94572, member: 36276"] [FONT=Montserrat][COLOR=rgb(44, 44, 44)][B]Eur/Usd : 29/12/2015 Technical Analysis Report From Centreforex[/B] [B]Our Preference:[/B] Sell Below 1.0990 for the target of 1.0900 levels [B]Alternative Scenario:[/B] Nill [B]Technical Commentary: In Daily chart :- [/B]EurUsd was trading below the upper trend line and its trading below the key resistance of horizontal line and last 4 days high acting as major resistance level and its was trading in the sideways movement between key resistance level and key support level and its was trading with lower trend line If lower trend line breaks means we can except on selling side and except upto next key support levels :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/752/eurusd-d1-fxpro-financial-services.png[/IMG] [B]In 4 Hour Chart and 1 Hour Chart :- [/B]EurUsd was trading in the triangle pattern and its was trading below key resistance level of horizontal line and now its trading near previous resistance high and its trading below the upper trend line and it was trading with new lower trend line so we can sell near key resistance level of upper trend line and except upto next support level:- which we have shown in attached image. [IMG]https://charts.mql5.com/9/752/eurusd-h4-fxpro-financial-services.png[/IMG] [IMG]https://charts.mql5.com/9/752/eurusd-h1-fxpro-financial-services.png[/IMG] [/COLOR][/FONT] [/QUOTE]
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