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EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity

EURUSD trades flat ahead of NFP revision and Fed chairman's speech at the Jackson Hole symposium. The pair hits an intraday low of 1.16392 and is currently trading around 1.16465.

Technicals

CMP -1.16465

Trend

4-hour chart

Value

 

 

55 EMA

1.16387

CMP>value

Bullish

200- EMA

1.15595

CMP>value

Bullish

365- EMA

1.15464

CMP>value

Bullish

800-EMA

1.15698

CMP>value

Bullish

 

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

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-20

ADX

Neutral

 

 

It is good to buy on dips around 1.16500 with SL around 1.16000 for a TP of 1.1760.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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