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Yield Surge Sinks EUR/USD: Technicals Point to Sell-on-Rallies Near 1.1320

EURUSD lost its shine as US Treasury yields surge sharply. The pair hit an intraday low of 1.12653 and is currently trading around 1.12860.

 

Technicals

CMP -1.12860

Trend

4-hour chart

Value

 

 

55 EMA

1.13966

CMP<value

Bearish

200- EMA

1.14938

CMP<value

Bearish

365- EMA

1.15167

CMP<value

Bearish

800-EMA

1.15502

CMP<value

Bearish

 

Major support- 1.1265/1.1200. Near-term resistance-1.13200/1.1365/1.1400/1.1435/1.1450/1.1500/1.15350/1.1565/1.1600.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-111.31

ADX

Bearish

Strength increased from 39.02 to 40.27

 

It is good to sell on rallies around  1.3200-.25 with SL around 1.13650 for a TP of 1.1200

 

 

 

 

 

 

 

 

 

 

 

 

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