EURUSD pared some of its gains due to profit booking. The pair hits a high of 1.16140 yesterday and is currently trading around 1.15746.
|
Technicals |
CMP -1.15748 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.15445 |
CMP>value |
Bullish |
|
200- EMA |
1.14989 |
CMP>value |
Bullish |
|
365- EMA |
1.15131 |
CMP>value |
Bullish |
|
800-EMA |
1.15587 |
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 |
94.33 |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.15600 with SL around 1.15100 for a TP of 1.1660.
