28-May-2015 5:57 AM IST
26-May-2015 7:03 PM IST
24-May-2015
CMP: 1.1009
Swing Low/Support: 0.8227
Swing High/Resistance: 1.6038
Based on my Weekly Chart,
Retracement Levels: 1.4201, 1.3062, 1.2134, 1.1216, 1.0527(done), 1.0077, 0.9905, 0.8227(100%).
Next levels: 1.0077, 0.9905.
Note: EURUSD reversed from 70.7 level.
Based on Daily Chart,
Resistance: 1.3996.
As per my analysis, If 1.1466 is end of wave 4, we have started down move (wave 5).
Minimum downside target : 1.0464.
Other targets: 1.0125, 1.000, 0.9704, 0.9293.
Based on H4 Chart,
Resistances: 1.1466, 1.1210.
As long as the above levels resists, I expect to see 1.0912, 1.0847, 1.0817/1.0808, 1.0759, 1.0714/1.0702, 1.0680, 1.0.662/1.0656, 1.0562.
Trade Idea 1: Long Term Positional SL: 1.1466. Targets: 1.0464, 1.0125, 1.0077, 1.000, 0.9905, 0.9704, 0.9293.
Trade Idea 2: Sell at CMP 1.1009 or on RISE between 1.1064-1.1140, Max SL 1.1240, TGTs: [1.0912], 1.0847, [[1.0817/1.0808]], 1.0759, [1.0714/1.0702], 1.0680, [1.0.662/1.0656], [[1.0562]].
