EURUSD trades flat after a massive pullback. The pair hit an intraday low of 1.16511 yesterday and is currently trading around 1.16714.
|
Technicals |
CMP -1.16706 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.16253 |
CMP>value |
Bullish |
|
200- EMA |
1.15420 |
CMP>value |
Bullish |
|
365- EMA |
1.15361 |
CMP>value |
Bullish |
|
800-EMA |
1.15666 |
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 |
56.39 |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.16500 with SL around 1.16000 for a TP of 1.1760.
