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EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High

EURUSD gained slightly, but pared some of its gains as tension escalates. It struck a high of 1.14628 yesterday and is now trading about 1.14344.

Technicals

CMP -1.14362

Trend

4-hour chart

Value

 

 

55 EMA

1.14210

CMP<value

Bearish

200- EMA

1.14806

CMP<value

Bearish

365- EMA

1.15359

CMP<value

Bearish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

It is good to buy on dips around 1.14000 with SL around 1.13700 for a TP of 1.14800.

 

 

 

 

 

 

 

 

 

 

 

 

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