EURUSD Bullish Momentum: Trading Above 800, 365 EMAs with Positive CCI on 5-Min Chart

EURUSD gained sharply on board-based US dollar weakness.  It strikes an intraday high of 1.14119 and is now trading about 1.14055. The pair trades above 365 and 800 EMA in 5 min chart.

 

 

Technicals	CMP -1.13809	Trend
Min chart	Value
55 EMA	1.13942	CMP> value	Bullish
800- EMA	1.13794	CMP>value	Bullish
365- EMA	1.13748	CMP>value	Bullish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.

 

Momentum indicator	Inference	Value
CCI(50)	Bullish	59
ADX	Neutral

It is good to buy on dips around  1.13980 with SL around 1.13700 (closing basis 5 min chart)  for a TP of 1.14390/1.14800.