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EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble

EURUSD trades weakly because US-Iran truce negotiations are uncertain. It strikes an intraday low of 1.15947 and is now trading about 1.16223.

 

 

Technicals

CMP -1.16217

Trend

4- Hour chart

Value

 

 

55 EMA

1.16321

CMP< value

Bearish

200- EMA

1.16603

CMP<value

Bearish

365- EMA

1.16688

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)

Bearish

-128.51

ADX

Neutral

 

 

It is good to sell on rallies around 1.16600 with SL around 1.1705 for a TP of 1.1525.

 

 

 

 

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