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Euro Recovery: EUR/USD Gains 150 Pips as Geopolitical Tensions Ease

 

EURUSD gained more than 150 pips on easing geopolitical tension. It hits an intraday low of 1.18240 and is currently trading around 1.18289.

 

Technicals

CMP -1.16592

Trend

1- Hour chart

Value

 

 

55 EMA

1.16092

CMP > value

Bullish

200- EMA

1.16497

CMP > value

Bullish

365- EMA

1.16969

CMP <value

Bearish

 

Major support- 108/106.85/106.

 

Momentum indicator

Inference

Value

CCI(50)

Above zero line (bullish)

101

ADX

Neutral

 

It is good to buy on dips around 1.1638-40  with SL around 1.1600 for a TP of 1.1765.

 

 

 

 

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