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Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom

As the market looks for more movement in US-Iran peace negotiations, EURUSD took support close to 365-4H EMA. Yesterday, it dropped to 1.16434, and today it is trading at about 1.16802.

Technicals

CMP -1.16802

Trend

1- Hour chart

Value

 

 

55 EMA

1.15819

CMP> value

Bullish

200- EMA

1.16051

CMP> value

Bullish

365- EMA

1.16421

CMP >value

Bullish

 

Major support- 1.14. Near-term resistance- 1.1725/1.1765/1.1800

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

140.81

ADX

Bullish

Strength increased from 35.05 to 37.42

 

It is good to buy on dips around 1.1660 with SL around 1.1600 for a TP of 1.1800.

 

 

 

 

 

 

 

 

 

 

 

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