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Euro Surge: EURUSD Rockets Above 1.16 as Geopolitical Tensions Recede

EURUSD gained sharply as geopolitical tension eased. It hits an intraday high of 1.16395 and is currently trading around 1.15894.

 

Technicals

CMP -1.15997

Trend

1- Hour chart

Value

 

 

55 EMA

1.15443

CMP> value

Bullish

200- EMA

1.15415

CMP> value

Bullish

365- EMA

1.15783

CMP >value

Bullish

 

Major support- 1.14.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

228.07

ADX

Bullish

 

 

It is good to buy on dips around 1.1550 with SL around 1.1500 for a TP of 1.1700.

 

 

 

 

 

 

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