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Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside

 

EURUSD pared some of its gains after a minor pullback. It hits an intraday high of  1.14907 and is currently trading around 1.14592.

Technicals

CMP -1.14952

Trend

1- Hour chart

Value

 

 

55 EMA

1.14922

CMP< value

Bearish

200- EMA

1.15298

CMP< value

Bearish

365- EMA

1.15543

CMP <value

Bearish

 

Major support- 1.14.Near-term resistance- 1.15080,1.15250,1.15560.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-83

ADX

Neutral

 

 

It is good to sell on rallies around 1.1478-80 with SL around 1.15050 for a TP of 1.1400.

 

 

 

 

 

 

 

 

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