Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Trade Idea EURUSD (Intraday)

Ichimoku analysis (4-hour chart)

 

Tenken-Sen- 1.08131

 

Kijun-Sen- 1.08267

 

EURUSD trades flat ahead of ECB President Lagarde's speech. Any hawkish comments from Lagarde will push Euro higher. It hits an intraday high of 1.08441 and is currently trading around 1.08275.

 

Technical:

The pair is trading above short-term (21 and 55 EMA) and long-term (200-EMA) in the 4-hour chart.  Any break above 1.0850 confirms intraday bullishness, with a jump till 1.08875 (Jan 18th, 2023 high)/1.0925/1.09500/1.100 likely. The near-term support is around 1.07600. The breach below will drag the pair down to 1.0700/1.0660/1.0600.

 

Indicator (4-hour chart)

 

CCI – Bullish

 

Directional movement index – Bullish

 

It is good to buy on dips around 1.0800 SL around 1.0760 for the TP of 1.100.  

  • Market Data
Close

Welcome to EconoTimes

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