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EUR/USD Slips Below 1.1380 as US-Iran Tensions Fuel Dollar Demand

EURUSD trades below 1.13800 on escalation tension between US and Iran.  It strikes an intraday low of 1.13828 and is now trading about 1.13873.

 

 

Technicals

CMP -1.13873

Trend

1-hour chart

Value

 

 

55 EMA

1.14192

CMP<value

Bearish

200- EMA

1.14225

CMP<value

Bearish

365- EMA

1.14352

CMP<value

Bearish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-150

ADX

Neutral

 

 

It is good to sell on rallies around  1.1400 with SL around 1.1450  for a TP of 1.1300.

 

 

 

 

 

 

 

 

 

 

 

 

 

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