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.
