EURUSD lost its shine as US Treasury yields surge sharply. The pair hit an intraday low of 1.12653 and is currently trading around 1.12860.
|
Technicals |
CMP -1.12860 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.13966 |
CMP<value |
Bearish |
|
200- EMA |
1.14938 |
CMP<value |
Bearish |
|
365- EMA |
1.15167 |
CMP<value |
Bearish |
|
800-EMA |
1.15502 |
CMP<value |
Bearish |
Major support- 1.1265/1.1200. Near-term resistance-1.13200/1.1365/1.1400/1.1435/1.1450/1.1500/1.15350/1.1565/1.1600.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-111.31 |
|
ADX |
Bearish |
Strength increased from 39.02 to 40.27 |
It is good to sell on rallies around 1.3200-.25 with SL around 1.13650 for a TP of 1.1200
