EURUSD pared some of its gains on re-escalation of Middle East tension. It hits an low of 1.17202 yesterday and is currently trading around 1.17417.
|
Technicals |
CMP -1.17412 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.17586 |
CMP <value |
Bearish |
|
200- EMA |
1.17438 |
CMP < value |
Bearish |
|
365- EMA |
1.17048 |
CMP >value |
Bullish |
Major support- 1.1700/1.1660/1.1600. Near-term resistance-1.1800/1.18500/1.1925
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-82.21 |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.1728-30, with an SL at 1.1680, for a TP of 1.1800.
