Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- EURUSD Daily Outlook

EURUSD is consolidating after a nice pullback of more than 100 pips. It hits a high of  1.11891 yesterday and is currently trading around 1.11711.

The policy divergence between US Fed and ECB supports the pair at lower levels.

 

Markets eye ECB President Lagarde and FOMC member Harker's speech for further direction.

 

The pair trades above short-term (34 AND 55 EMA) in 4-hour chart.  Major resistance to watch- 1.1190/1.12050. Bullish continuation only above 1.1280.

 

Major support- 1.1140,1.1100,1.1060/1.100/1.09880.

 

Indicators ( 4- hour chart)

 

Directional movement index  -Bullish

 

CCI (50)- Bullish

 

CCI(14)- Bullish

 

It is good to buy on dips around 1.1145-48 with SL around 1.10960 for a TP of 1.1275.

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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