Euro Under Siege: Dollar Dominance Drags EURUSD Toward 1.1525

EURUSD trades weak as demand for the dollar increases. It hits an intraday low of 1.15764  and is currently trading around 1.15990.

Technicals	CMP -1.15974	Trend
1- Hour chart	Value
55 EMA	1.16519	CMP< value	Bearish
200- EMA	1.16814	CMP<value	Bearish
365- EMA	1.16819	CMP<value	Bearish

 

Major support- 1.1525/1.14835. Near-term resistance- 1.1660/1.1725/1.1765/1.1800

 

Momentum indicator	Inference	Value
CCI(50)	Bearish	-71.98
ADX	Neutral

 

It is good to sell on rallies around 1.1700 with SL around 1.1765 for a TP of 1.1525.