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Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge

EURUSD went above 1.1700 as geopolitical tensions eased. It hits an intraday high of 1.17217 and is currently trading around 1.17104. Technicals CMP -1.17141 Trend 1- Hour chart Value 55 EMA 1.15642 CMP> value Bullish 20…

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Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
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EURUSD went above 1.1700 as geopolitical tensions eased. It hits an intraday high of 1.17217 and is currently trading around 1.17104.

Technicals

CMP -1.17141

Trend

1- Hour chart

Value

 

 

55 EMA

1.15642

CMP> value

Bullish

200- EMA

1.16021

CMP> value

Bullish

365- EMA

1.16408

CMP >value

Bullish

 

Major support- 1.14. Near-term resistance- 1.1725/1.1765/1.1800

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

270.98

ADX

Bullish

Strength increased from 13.72 to 31

 

 

It is good to buy on dips around 1.1700 with SL around 1.1660 for a TP of 1.1800.

 

 

 

 

 

 

 

 

 

 

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