EURUSD gained sharply on board-based US dollar weakness. It strikes an intraday high of 1.14119 and is now trading about 1.14055. The pair trades above 365 and 800 EMA in 5 min chart.
|
Technicals |
CMP -1.13809 |
Trend |
|
|
Value |
|
|
|
55 EMA |
1.13942 |
CMP> value |
Bullish |
|
800- EMA |
1.13794 |
CMP>value |
Bullish |
|
365- EMA |
1.13748 |
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 |
59 |
|
ADX |
Neutral |
|
It is good to buy on dips around 1.13980 with SL around 1.13700 (closing basis 5 min chart) for a TP of 1.14390/1.14800.


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