EURUSD pared some of its gains ahead of the Fed's monetary policy. The pair hit an intraday high of 1.15422 and is currently trading around 1.15436.
|
Technicals |
CMP -1.15402 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.15628 |
CMP<value |
Bearish |
|
200- EMA |
1.15966 |
CMP<value |
Bearish |
|
365- EMA |
1.16020 |
CMP<value |
Bearish |
|
800-EMA |
1.15815 |
CMP<value |
Bearish |
Major support- 1.15600/1.1500/1.4700/1.1430. Near-term resistance-11.1660/1.1700.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-67.29 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.15670-725 with SL around 1.1625 for a TP of 1.1500.
