EURUSD lost its shine despite the ECB rate hike. It struck a low of 1.15072 and is now trading about 1.15091.
|
Technicals |
CMP -1.15081 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
1.15779 |
CMP< value |
Bearish |
|
200- EMA |
1.16325 |
CMP<value |
Bearish |
|
365- EMA |
1.16513 |
CMP<value |
Bearish |
Major support- 1.14835/1.1435. Near-term resistance- 1.1550/1.15800/1.16620.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-81.15 |
|
ADX |
Bearish |
Strength increased from 16.83 to 18.02 |
It is good to sell on rallies around 1.1538-40 with SL around 1.1600 for a TP of 1.1400.


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