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EUR/USD Slumps Near 1.1160 as Dismal US Jobs Data Triggers Sell-Off

EURUSD lost its shine after dismal US jobs data. The pair hits a intraday  low of 1.11609 and is currently trading around 1.12108.

 

Technicals

CMP -1.12108

Trend

1-hour chart

Value

 

 

55 EMA

1.13299

CMP<value

Bearish

200- EMA

1.14590

CMP<value

Bearish

365- EMA

1.14935

CMP<value

Bearish

800-EMA

1.15568

CMP<value

Bearish

 

Major support-1.11500/1.1000/1.10 Near-term resistance-1.1265/1.1300/1.1365/1.1400/1.1435/1.1500.

 

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  1.1225-50 with SL around 1.1300 for a TP of 1.100/1.0700.

 

 

 

 

 

 

 

 

 

 

 

 

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