Major support - 1.13600
EUR/USD has shown a minor recovery after hitting low of 1.13650. The pair has recovered more than 70 pips and hits high of 1.14327. It is currently trading around 1.1414. The pair is trading weak for third consecutive week and lost almost 250 pips. The huge sell off in Turkish lira after Donald Trump imposed double tariffs on metal import. The rising geo political tension is supporting USD.
Major EUROZONE data which is to be released today will have minor impact. Markets eye EUROZONE GDP data and German ZEW economic sentiment. German GDP came at 0.5% q/q compared to forecast of 0.4%.
Technically near term resistance is around 1.14310 (55 H EMA) and any break above targets 1.14650 (38.2% fibo)/1.1500. Any close above 1.1500 confirms major bullishness.
The near term support is around 1.13600 and any break below targets 1.1300 level.
It is good to sell on rallies around 1.1435 with SL around 1.14650 for the TP of 1.13600.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



