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Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions

EURUSD pared some of its gains on the re-escalation of Middle East tension. It hit a high of 1.18491 yesterday and is currently trading around 1.17741.

Technicals

CMP -1.17631

Trend

1- Hour chart

Value

 

 

55 EMA

1.17741

CMP <value

Bearish

200- EMA

1.17332

CMP> value

Bullish

365- EMA

1.16871

CMP >value

Bullish

 

Major support- 1.1700/1.1660/1.1600. Near-term resistance-1.1800/1.18500/1.1925

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-82.21

ADX

Neutral

 

 

It is good to buy on dips around 1.1728-30, with an SL around 1.1680, for a TP of 1.1800/1.1845.

 

 

 

 

 

 

 

 

 

 

 

 

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