EURUSD- Bullish divergence
In the 4-hour chart
CCI (50) and CCI (14) formed a bullish divergence.
The pair trades below short-term (34 and 55 EMA) in the 4-hour chart. Major intraday resistance - 1.10544/1.10677.
It is good to buy on dips around 1.10365-68 with SL around 1.1015 for TP of 1.10800
CCI (50) and CCI (14) formed a bullish divergence.
The pair trades below short-term (34 and 55 EMA) in the 4-hour chart. Major intraday resistance - 1.10544/1.10677.
It is good to buy on dips around 1.10365-68 with SL around 1.1015 for TP of 1.10800
Note
EURUSD trades directionless ahead of US CPI tomorrow. Major support to watch 1.1015, 1.09900.
Resistance- 1.10500/1.10667.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.