EURUSD recovered slightly after hitting a monthly low. It hit an intraday low of 1.13532 and is now trading at about 1.14034.
|
Technicals |
CMP -1.14034 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.14014 |
CMP>value |
Bullish |
|
200- EMA |
1.14508 |
CMP<value |
Bearish |
|
365- EMA |
1.15039 |
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) |
Bearish |
-139 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.14180-20, with an SL around 1.1455, for a TP of 1.1300.
