EURUSD trades below 1.1600 on board-based US dollar buying. The pair hits a intraday low of 1.15880 and is currently trading around 1.15908.
|
Technicals |
CMP -1.15908 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.16116 |
CMP<value |
Bearish |
|
200- EMA |
1.16270 |
CMP<value |
Bearish |
|
365- EMA |
1.16094 |
CMP<value |
Bearish |
|
800-EMA |
1.15646 |
CMP>value |
Bullish |
Major support- 1.15600/1.1500/1.4700/1.1430. Near-term resistance-11.1660/1.1700.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-52.30 |
|
ADX |
Bearish |
Strength increased from 18.37 to 20.58 |
It is good to sell on rallies around 1.16040-50 with SL around 1.16500 for a TP of 1.1500.
