[B]Eur/Usd : 04/03/2015
Our Preference: Sell positions below 1.1200 with stoploss of 1.1350 and target 1.1150 & 1.1100 in extension
Alternative Scenario: Nill
Technical Commentary: [/B]In Weekly chart,Eur/Usd was closed below last 3 week low, broken weekly key support level line, now its trading below last 3 weeks low, So its confirming that next move will try to test yearly low @ 1.1100 :- We have shown in image.
In Daily chart ,Eur/Usd continue to trading below key support level and last 3 days its was trading in equidistant lines and last 3 days there is no buying volume to close on higher side, so we can sell near key resistance level 1.1200 & 1.1260 and we can exit upto 1.1100 which is the support level of yearly low.
In 4 hours chart, Eur/Usd was given key resistance level @1.1230
and we can see double top and we can see intraday upper trend line so we can sell near @ 1.1200 Level.
In 1 hour chart, Eur/Usd was trading below equidistant channel (lower line) and for intraday its trading between upper trend line and lower trend line, so we can go on selling side near upper trend line.