Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EURUSD Bearish Tilt: Sell Rallies Near 1.1730 as Safe-Haven Demand Keeps 1.16 in Sight

 

The EURUSD pair is currently trading beneath the 1.1700 threshold, a development attributed to prevalent market anxieties that have notably elevated the demand for assets traditionally considered safe havens. During the trading day, the pair recorded its lowest point at 1.16797, and its present valuation hovers approximately at 1.16912.

 

Technicals

CMP -1.16898

Trend

1- Hour chart

Value

 

 

55 EMA

1.17255

CMP <value

Bearish

200- EMA

1.17354

CMP < value

Bearish

365- EMA

1.17053

CMP <value

Bearish

 

Major support- 1.1700/1.1660/1.1600. Near-term resistance-1.1800/1.18500/1.1925

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-111.21

ADX

Bearish

Strength increased from 32.90 to 38

It is good to sell on rallies around 1.1728-30 with SL around 1.1770 for a TP of 1.1600.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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