EURUSD is consolidating after hitting a six-week high. It hit a high of 1.15548 on Friday and is now trading at about 1.15187.
|
Technicals |
CMP -1.14219 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.14606 |
CMP>value |
Bullish |
|
200- EMA |
1.14580 |
CMP>value |
Bullish |
|
365- EMA |
1.14989 |
CMP>value |
Bullish |
Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
- |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.1500 with SL around 1.14500 for a TP of 1.1600.
