EURUSD pared some of its gains as geopolitical tension escalation increased demand for dollar. It hits an intraday low of 1.15864 and is currently trading around 1.16092
|
Technicals |
CMP -1.16060 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
1.16389 |
CMP< value |
Bearish |
|
200- EMA |
1.16704 |
CMP<value |
Bearish |
|
365- EMA |
1.16755 |
CMP<value |
Bearish |
Major support- 1.1525/1.14835. Near-term resistance- 1.16620/1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-77.90 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.16600, with an SL around 1.1705, for a TP of 1.1525.
