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EURUSD Pulls Back on Profit-Taking: Bullish EMA Alignment Sets Up Dip-Buy to 1.1660

EURUSD pared some of its gains due to profit booking. The pair hits a high of 1.16140 yesterday and is currently trading around 1.15746.

 

Technicals

CMP -1.15748

Trend

4-hour chart

Value

 

 

55 EMA

1.15445

CMP>value

Bullish

200- EMA

1.14989

CMP>value

Bullish

365- EMA

1.15131

CMP>value

Bullish

800-EMA

1.15587

CMP>value

Bullish

 

Major support- 1.13700/1.12946. Near-term resistance- 1.15800/1.1660/1.1700.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

94.33

ADX

Neutral

 

 

It is good to  buy on dips around 1.15600 with SL around 1.15100 for a TP of 1.1660.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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