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EURUSD recovered above 1.1550 on easing Middle East tensions. It struck a low of 1.14998 and is now trading about 1.15668.
|
Technicals |
CMP -1.16217 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
1.15521 |
CMP> value |
Bullish |
|
200- EMA |
1.15941 |
CMP<value |
Bearish |
|
365- EMA |
1.16167 |
CMP<value |
Bearish |
Major support- 1.1525/1.14835. Near-term resistance- 1.16620/1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
48.40 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.16000, with an SL around 1.1660, for a TP of 1.1435.
