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.
