EURUSD is consolidating in a narrow range between 1.16412 and 1.15844. The pair hit an intraday high of 1.16358 and is currently trading around 1.16234.
|
Technicals |
CMP -1.16234 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.16168 |
CMP>value |
Bullish |
|
200- EMA |
1.15764 |
CMP>value |
Bullish |
|
365- EMA |
1.15592 |
CMP>value |
Bullish |
|
800-EMA |
1.15735 |
CMP>value |
Bullish |
Major support- 1.15600/1.1500/1.4700/1.1430. Near-term resistance-11.1660/1.1700.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
43 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.1648-50 with SL around 1.17000 for a TP of 1.1500.
