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 - EconoTimes)
Chart pattern- Bullish divergence in CCI (50) and CCI (14) in a 4-hour chart.
EURUSD pared most of its gains despite weak US Non-Farm jobs data on Friday. It hit a low of 1.10281 and is currently trading around 1.10387.
The pair trades below short-term (34 AND 55 EMA) in 4-hour chart. Major resistance to watch- 1.10544/1.10667/1.10745. Bullish continuation only above 1.12050.
Major support- 1.10150,1.09960
It is good to buy on dips around 1.10325-28 with SL around 1.1015 for a TP of 1.10800.
