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Euro Under Pressure: EURUSD Retreats Toward 1.1700 as Middle East Tensions Re-Escalate

EURUSD pared some of its gains on re-escalation of Middle East tension. It hits an low of 1.17202 yesterday  and is currently trading around 1.17417.

 

Technicals

CMP -1.17412

Trend

1- Hour chart

Value

 

 

55 EMA

1.17586

CMP <value

Bearish

200- EMA

1.17438

CMP < value

Bearish

365- EMA

1.17048

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)

Bearish

-82.21

ADX

Neutral

 

It is good to buy on dips around 1.1728-30, with an SL at 1.1680, for a TP of 1.1800.

 

 

 

 

 

 

 

 

 

 

 

 

 

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