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Technical Analysis
Daily Technical Analysis Report From CentreForex
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[QUOTE="Centreforex, post: 95385, member: 36276"] [B]Eur/Usd : 14/01/2015 Technical Analysis Report From Centreforex[/B] [B]Our Preference:[/B] Buy Above 1.0850 for the target of 1.0990 levels [B]Alternative Scenario:[/B] Sell Below 1.0800 for the target of 1.0720 levels [B]Technical Commentary: In Daily chart :- Yesterday [/B]EurUsd was trading in the triangle pattern and yesterday it was tested the key support level of horizontal line and yesterday it was closed on higher side as bullish candle and its was trading near upper trend line if upper trend line breaks means we except on buying zone , today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/880/eurusd-d1-fxpro-financial-services.png[/IMG] [B]In 4 Hour Chart and In 1 Hour Chart : [/B]EurUsd was trading in the triangle pattern and its was trading in the sideways movement between key support level and key resistance level,After testing the support level its was bounced back now it was trading near upper trend line if upper trend line breaks means we except on next key resistance levels :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/880/eurusd-h4-fxpro-financial-services.png[/IMG] [IMG]https://charts.mql5.com/9/880/eurusd-h1-fxpro-financial-services.png[/IMG] [/QUOTE]
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