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Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand

 

 

EURUSD pared some of its gains on escalation of Middle East tension. It hits an intraday low of  1.15091 and is currently trading around 1.15280.

 

Technicals

CMP -1.15273

Trend

1- Hour chart

Value

 

 

55 EMA

1.15418

CMP< value

Bearish

200- EMA

1.15478

CMP< value

Bearish

365- EMA

1.15560

CMP <value

Bearish

 

Major support- 1.14. Near-term resistance- 1.1550/1.1600/1.1630.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-89

ADX

Neutral

 

 

It is good to sell on rallies around 1.1578-80 with SL around 1.1630 for a TP of 1.1400.

 

 

 

 

 

 

 

 

 

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