- EUR/USD declined almost 100 pips from the high of 1.18627 on dovish ECB statement and better than expected U.S retail sales. The pair declined till 1.17647 and is currently trading around 1.17834.
- ECB has kept its interest rates unchanged and central bank also confirmed continuation of QE till Sep 2018. The continuation of QE was viewed as dovish by markets. The ECB upgraded growth and inflation outlook.
- U.S retail sales came at 0.8% in the month of November compared to 0.5% gain in October and u p by 5.8% yearly basis compared to 4.9%.
- Technically, the pair is facing strong resistance at 1.18548 (61.8% fibo) and any minor bullishness can be seen only above that level. Any convincing break above 1.18548 will take the pair to next level till 1.1900/19612 (Nov 27th 2017 high).
- On the lower side, major support is around 1.1700 and any break below will drag the pair to next level till 1.1660/1.1600. The minor support is around 1.1755.
It is good to buy on dips around 1.1765 with SL around 1.1700 for the TP of 1.1900/1.19250.


FxWirePro: AUD/USD nurses losses in subdued trading
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge
FxWirePro: EUR/ NZD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/ JPY remains buoyant, looks to extend gains
FxWirePro: EUR/AUD edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD under pressure after early buying dries up
ETHUSD Dips to 2285 Then Rebounds on $150–$200M ETF Inflows and Altcoin Upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips as rand gains on peace talk hopes
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115 



