Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD trades above 21- day MA, targets 1.1284/1.1350

  • EUR/USD jumped sharply from the low of 1.1231 made yesterday after Fed stands pat yesterday policy meeting.
     
  • The pair pared its losses and climbed till 1.11923 yesterday. EUR/USD continued its gaining momentum in the Asian session and breaks psychological resistance 1.1200. It is currently trading around 1.12180.
     
  • Euro’s major resistance is around 1.1205 (21- day MA) and break above targets 1.1245/1.12840/1.13660.
     
  • It should break above 1.13660 for further bullishness. On the lower side, any break below 1.1180 will drag the pair down till 1.1150/1.1120.

It is good to buy on dips around 1.1220 with SL around 1.1180 for the TP of 1.1284/1.1360.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.