Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Google Add as a preferred source on Google

EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760

EURUSD is consolidating after a one month of strong pullback. The pair hits a intraday low of 1.16365 and is currently trading around 1.16484.

 

Technicals

CMP -1.16484

Trend

4-hour chart

Value

 

 

55 EMA

1.16366

CMP>value

Bullish

200- EMA

1.15558

CMP>value

Bullish

365- EMA

1.15436

CMP>value

Bullish

800-EMA

1.15688

CMP>value

Bullish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.15800/1.1660/1.1700.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

150

ADX

Bullish

Strength increased from 39.43 to 41.33

It is good to buy on dips around 1.16500 with SL around 1.16000 for a TP of 1.1760.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.