Eur/Usd : 03/11/2015 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.1080 for the target of 1.0920 levels.
Alternative Scenario: Nill
Technical Commentary: In Daily chart :- Last 6 days EurUsd was closed below the key resistance
level 1.1100 and its trading below the lower trend line and yesterday its closed on lower side with
bearish candle and now its trading in the triangle pattern so its confirming for selling side and
further its breaks the intraday support 1.0970 level breaks means we can except on good selling :-
which we have shown in attached image.
In 4 Hour chart :- EurUsd was trading in the equidistant channel lines and its broken the triangle
pattern on lower side so we can sell near intraday resistance level :- which we have shown in
In 1 hour chart :- EurUsd was the trading in the triangle pattern and its trading in the sideways
movement if the triangle pattern breaks on lower side means we can go on selling side :- which we
have shown in attached image.