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Euro Under Siege: Dollar Dominance Drags EURUSD Toward 1.1525

EURUSD trades weak as demand for the dollar increases. It hits an intraday low of 1.15764  and is currently trading around 1.15990.

Technicals

CMP -1.15974

Trend

1- Hour chart

Value

 

 

55 EMA

1.16519

CMP< value

Bearish

200- EMA

1.16814

CMP<value

Bearish

365- EMA

1.16819

CMP<value

Bearish

 

Major support- 1.1525/1.14835. Near-term resistance- 1.1660/1.1725/1.1765/1.1800

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-71.98

ADX

Neutral

 

 

It is good to sell on rallies around 1.1700 with SL around 1.1765 for a TP of 1.1525.

 

 

 

 

 

 

 

 

 

 

 

 

 

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