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EURUSD Recovers Amidst Dollar Weakness, Eyeing Key Resistance Levels

EURUSD recovered slightly as US dollar lost its momentum.  It strikes an intraday high of 1.14367 and is now trading about 1.14176.

 

 

Technicals

CMP -1.14192

Trend

4-hour chart

Value

 

 

55 EMA

1.14281

CMP<value

Bearish

800- EMA

1.15356

CMP<value

Bearish

365- EMA

1.15853

CMP<value

Bearisj

 

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

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

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.

 

 

 

 

 

 

 

 

 

 

 

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