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Euro Buckles as Geopolitical Fear Fuels Dollar Bid—1.1660 Rallies Seen as Fresh Selling Opportunity for 1.1525

 

 

 

EURUSD pared some of its gains as geopolitical tension escalation increased demand for dollar. It hits an intraday low of 1.15864  and is currently trading around 1.16092

 

 

Technicals

CMP -1.16060

Trend

4- Hour chart

Value

 

 

55 EMA

1.16389

CMP< value

Bearish

200- EMA

1.16704

CMP<value

Bearish

365- EMA

1.16755

CMP<value

Bearish

 

Major support- 1.1525/1.14835. Near-term resistance- 1.16620/1.1725/1.1765/1.1800

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-77.90

ADX

Neutral

 

It is good to sell on rallies around 1.16600, with an SL around 1.1705, for a TP of 1.1525.

 

 

 

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