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EURUSD Pulls Back: Buy Dips as Bulls Target 1.1525

EURUSD shown a pullback after a minor sell-off. It strikes an intraday high of 1.14422 and is now trading about 1.14370.

 

Technicals

CMP -1.14315

Trend

4-hour chart

Value

 

 

55 EMA

1.14310

CMP>value

Bullish

800- EMA

1.14246

CMP>value

Bullish

365- EMA

1.14453

CMP<value

Bearish

 

Major support- 1.13700/1.12946. Near-term resistance: 1.1455/1.14800/1.1500/1.1530.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

28.51

ADX

Neutral

 

 

It is good to buy on dips around 1.14250  with SL around 1.13700   for a TP of 1.15250.

 

 

 

 

 

 

 

 

 

 

 

 

 

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