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EURUSD Reverses Higher as Geopolitics Ease; Dip-Buy at 1.1740 Eyes 1.1825

The EURUSD pair rose sharply as geopolitical tensions eased. Yesterday the pair reached 1.17508, and now its value is about 1.17500.

 

Technicals

CMP -1.17500

Trend

1- Hour chart

Value

 

 

55 EMA

1.17160

CMP > value

Bulish

200- EMA

1.17253

CMP > value

Bullish

365- EMA

1.17055

CMP >value

Bullish

 

Major support- 1.1700/1.1660/1.1600. Near-term resistance-1.1800/1.18500/1.1925

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

166

ADX

Neutral

 

 

 

It is good to buy on dips around 1.17400  with SL around 1.1700 for a TP of 1.18250.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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