As risk aversion rises, EURUSD lost its luster. The pair had an intraday low of 1.16821, and its current value is around 1.16860.
|
Technicals |
CMP -1.16860 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.17145 |
CMP <value |
Bearish |
|
200- EMA |
1.17232 |
CMP < value |
Bearish |
|
365- EMA |
1.17068 |
CMP< value |
Bearish |
Major support- 1.1700/1.1660/1.1600. Near-term resistance-1.1800/1.18500/1.1925
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-142 |
|
ADX |
Bearish |
Strength increased from 15.80 to 22 |
It is good to sell on rallies around 1.1700 with SL around 1.17600 for a TP of 1.1600/1.15750.
