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EURUSD: Bearish Trend Suggests Selling on Rallies Near 1.15670 Ahead of Fed Decision

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.

 

 

 

 

 

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