As the market looks for more movement in US-Iran peace negotiations, EURUSD took support close to 365-4H EMA. Yesterday, it dropped to 1.16434, and today it is trading at about 1.16802.
|
Technicals |
CMP -1.16802 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.15819 |
CMP> value |
Bullish |
|
200- EMA |
1.16051 |
CMP> value |
Bullish |
|
365- EMA |
1.16421 |
CMP >value |
Bullish |
Major support- 1.14. Near-term resistance- 1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
140.81 |
|
ADX |
Bullish |
Strength increased from 35.05 to 37.42 |
It is good to buy on dips around 1.1660 with SL around 1.1600 for a TP of 1.1800.
