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EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560

EURUSD is facing strong resistance around 1.15600(800-4H EMA). The pair hit a high of 1.15597 yesterday and showed a minor sell-off. It is currently trading around 1.15392.

 

Technicals

CMP -1.15392

Trend

4-hour chart

Value

 

 

55 EMA

1.14879

CMP>value

Bullish

200- EMA

1.14669

CMP>value

Bullish

365- EMA

1.15021

CMP>value

Bullish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

77.72

ADX

Neutral

 

 

It is good to buy on dips around 1.1528-30  with SL around 1.14800 for a TP of 1.1660.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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