Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- Buy EURUSD on dips

EURUSD trades in a narrow range after hitting the temporary top of 1.11891. It hits a low of 1.10863 yesterday and is currently trading around 1.11350.

 

German IFO business climate index declined to 85.4 in Sep from 86.60 previous month, compared to a forecast of 86.

 

The pair trades above short-term (34 AND 55 EMA) in a 4-hour chart.  Major resistance to watch- 1.11554/1.1168/1.1200. Bullish continuation only above 1.12050.

 

Major support- 1.1100,1.1060/1.100/1.09880.

 

Indicators ( 4- hour chart)

 

Directional movement index  -Neutral

 

CCI (50)- Bullish

 

CCI(14)- Bullish

It is good to buy on dips around 1.11200 with SL around 1.1078 for a TP of 1.1200.

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.