EURUSD trades weak for the fifth consecutive day on policy divergence between the Fed and the ECB. It strikes an intraday low of 1.13758 and is now trading at about 1.13809
|
Technicals |
CMP -1.13809 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
1.15141 |
CMP< value |
Bearish |
|
200- EMA |
1.16063 |
CMP<value |
Bearish |
|
365- EMA |
1.15908 |
CMP<value |
Bearish |
Major support- 1.1400/1.13600/1.12946. Near-term resistance- 1.1500/1.1530/1.1580/1.1625/1.16620.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-124.92 |
|
ADX |
Bearish |
Strength increased from 47.12 to 51.69 |
It is good to sell on rallies around 1.14248-50 with SL around 1.1465 for a TP of 1.1360/1.1300.
