EURUSD extends its downtrend on board-based US dollar buying. The pair hits a intraday low of 1.13324 and is currently trading around 1.13470.
|
Technicals |
CMP -1.13470 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.14315 |
CMP<value |
Bearish |
|
200- EMA |
1.15142 |
CMP<value |
Bearish |
|
365- EMA |
1.15291 |
CMP<value |
Bearish |
|
800-EMA |
1.15568 |
CMP<value |
Bearish |
Major support- 1.13200/1.1300/1.1265/1.1200. Near-term resistance-1.1400/1.1435/1.1450/1.1500/1.15350/1.1565/1.1600.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-111.31 |
|
ADX |
Bearish |
Strength increased from 35.17 to 36.78 |
It is good to sell on rallies around 1.3600-625 with SL around 1.14350 for a TP of 1.12650/1.1200


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