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EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease

EURUSD gained above 1.15500 on easing geopolitical tensions. It hit a high of 1.15590 on Friday and is now trading at about 1.15508. Major bullishness above 1.15600.

 

Technicals

CMP -1.15508

Trend

4-hour chart

Value

 

 

55 EMA

1.14726

CMP>value

Bullish

200- EMA

1.14618

CMP>value

Bullish

365- EMA

1.15006

CMP>value

Bullish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

90.30

ADX

Bullish

Strength increased from 17.84 to 18.46

 

It is good to buy on dips around 1.1528-30  with SL around 1.14800 for a TP of 1.1660.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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