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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.
