EURUSD - AB=CD pattern (buy on dips )
Chart pattern- AB=CD pattern.
EURUSD pared some of its gains after mixed US CPI. It hits a low of 1.10033 and is currently trading around 1.10207.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 14% from 34% a day ago.
The pair trades below short term (34 AND 55 EMA) in 8-hour chart. Major resistance to watch- 1.10231/1.10385/1.10554/1.10667. Bullish continuation only above 1.12050.
Major support- 1.09880,1.09420
It is good to buy on dips around 1.0978-80 with SL around 1.0930 for a TP of 1.1148.
EURUSD pared some of its gains after mixed US CPI. It hits a low of 1.10033 and is currently trading around 1.10207.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 14% from 34% a day ago.
The pair trades below short term (34 AND 55 EMA) in 8-hour chart. Major resistance to watch- 1.10231/1.10385/1.10554/1.10667. Bullish continuation only above 1.12050.
Major support- 1.09880,1.09420
It is good to buy on dips around 1.0978-80 with SL around 1.0930 for a TP of 1.1148.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.