EURUSD gained above 1.1600 on broad-based US dollar selling. The pair hit an intraday high of 1.16140. It is currently trading around 1.15962.
|
Technicals |
CMP -1.15676 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.15397 |
CMP>value |
Bullish |
|
200- EMA |
1.14948 |
CMP>value |
Bullish |
|
365- EMA |
1.15088 |
CMP>value |
Bullish |
|
800-EMA |
1.15585 |
CMP>value |
Bullish |
Major support- 1.13700/1.12946. Near-term resistance: 1.15800/1.1660/1.1700.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
238.38 |
|
ADX |
Bullish |
Strength increased from 18.62 to 37.99 |
It is good to buy on dips around 1.15600 with SL around 1.15100 for a TP of 1.1660.
