EURUSD Pulls Back: Buy Dips as Bulls Target 1.1525

EURUSD shown a pullback after a minor sell-off. It strikes an intraday high of 1.14422 and is now trading about 1.14370.

 

Technicals	CMP -1.14315	Trend
4-hour chart	Value
55 EMA	1.14310	CMP>value	Bullish
800- EMA	1.14246	CMP>value	Bullish
365- EMA	1.14453	CMP<value	Bearish

 

Major support- 1.13700/1.12946. Near-term resistance: 1.1455/1.14800/1.1500/1.1530.

 

Momentum indicator	Inference	Value
CCI(50)	Bullish	28.51
ADX	Neutral

 

It is good to buy on dips around 1.14250  with SL around 1.13700   for a TP of 1.15250.