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EURUSD trades below minor trend line support after a long consolidation. It hits an intraday low of 1.18240 and is currently trading around 1.18289.
|
Technicals |
CMP -1.18285 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.18548 |
CMP < value |
Bearish |
|
200- EMA |
1.18590 |
CMP < value |
Bearish |
|
365- EMA |
1.18442 |
CMP < value |
Bullish |
Major support- 108/106.85/106.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
below zero line (bearish) |
-164.53 |
|
ADX |
bearish |
Strength increased to 27.62 from 26 |
It is good to sell on rallies around 1.18300-325 with SL around 1.1865 for a TP of 1.1765.
