EURUSD trades below 1.1600 on Fed hawkish stance. Markets await FOMC meeting minutes for further direction. It hits an intraday low of 1.15836 and is currently trading around 1.15972
|
Technicals |
CMP -1.15972 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.16726 |
CMP< value |
Bearish |
|
200- EMA |
1.16896 |
CMP<value |
Bearish |
|
365- EMA |
1.16862 |
CMP<value |
Bearish |
Major support- 1.1580/1.1525/1.14835. Near-term resistance- 1.1660/1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-119.81 |
|
ADX |
Bearish |
Strength increased from 41.04 to 47.85 |
It is good to sell on rallies around 1.1648-50, with an SL around 1.1705, for a TP of 1.1525.
