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EUR/USD Hits Multi-Week Lows: Bears Eye 1.1200 as Broad USD Buying Dominates

EURUSD hits multi-week low on board-based US dollar buying. The pair hits an intraday low of 1.13531 and is currently trading around 1.13685.

Technicals

CMP -1.13685

Trend

4-hour chart

Value

 

 

55 EMA

1.14449

CMP<value

Bearish

200- EMA

1.15218

CMP<value

Bearish

365- EMA

1.15334

CMP<value

Bearish

800-EMA

1.15588

CMP<value

Bearish

 

Major support- 1.13500/1.13200/1.1300. Near-term resistance-1.1400/1.1435/1.1450/1.1500/1.15350/1.1565/1.1600.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-102.70

ADX

Neutral

 

 

 

 

It is good to  sell on rallies around  1.378-80 with SL around 1.14450  for a TP of 1.12800/1.1200

 

 

 

 

 

 

 

 

 

 

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