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Euro’s Shine Fades: Intraday Breakdown Eyes the 1.1400 Support Floor

EURUSD lost its shine on board-based US dollar selling. It hits an intraday low of 1.14973 and is currently trading around 1.14987. Technicals CMP -1.14976 Trend 1- Hour chart Value 55 EMA 1.15171 CMP< value Bearish 200-…

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Euro’s Shine Fades: Intraday Breakdown Eyes the 1.1400 Support Floor
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EURUSD lost its shine on board-based US dollar selling. It hits an intraday low of 1.14973 and is currently trading around 1.14987.

Technicals

CMP -1.14976

Trend

1- Hour chart

Value

 

 

55 EMA

1.15171

CMP< value

Bearish

200- EMA

1.15479

CMP < value

Bearish

365- EMA

1.16008

CMP >value

Bearish

 

Major support- 1.14.

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

16.10

ADX

Neutral

 

 

It is good to sell on rallies around 1.1505-80 with SL around 1.1550 for a TP of 1.1415.

 

 

 

 

 

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