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Euro Retreat: EURUSD Slips Toward 1.14 as Dollar Strength Resurges

EURUSD pared most of its gains on board-based US dollar buying. It hits an intraday low of  1.14907 and is currently trading around 1.14944.

 

Technicals

CMP -1.14944

Trend

1- Hour chart

Value

 

 

55 EMA

1.15285

CMP< value

Bearish

200- EMA

1.15476

CMP< value

Bearish

365- EMA

1.15678

CMP <value

Bearish

 

Major support- 1.14.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-120.23

ADX

Neutral

 

 

It is good to sell on rallies around 1.1505-80 with SL around 1.1560 for a TP of 1.1420.

 

 

 

 

 

 

 

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