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EURUSD trades weak as demand for the dollar increases. It hits an intraday low of 1.15764 and is currently trading around 1.15990.
|
Technicals |
CMP -1.15974 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.16519 |
CMP< value |
Bearish |
|
200- EMA |
1.16814 |
CMP<value |
Bearish |
|
365- EMA |
1.16819 |
CMP<value |
Bearish |
Major support- 1.1525/1.14835. Near-term resistance- 1.1660/1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-71.98 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.1700 with SL around 1.1765 for a TP of 1.1525.
