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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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- EUR/USD has recovered almost more than 60 pips from the low made post Fed FOMC policy. US fed has kept its interest rates unchanged and more hawkish on inflation. The dollar gave back its gains post-Fed but still trading below 1.200 level. Eurozone inflation data came at 1.2% YOY in the month below the previous 1.3% and core CPI at 0.7% well below forecast of 0.9%. Market eyes US ISM services PMI data for further direction. US trade deficit has fallen to 6-month low and initial jobless claims inched up to 211000 an increase of 2000 form 209000.
- The pair is facing major near term support is around 1.1940 and break below will drag the pair down till 1.1900/1.1850.
- On the higher side, near term resistance is around 1.2040 (100- H MA) and any convincing break above will take the pair to next level till 1.2115 (200 H MA)/1.2155.Minor bullishness can seen only 1.2150.
It is good to sell on rallies around 1.2055-60 with SL around 1.2110 for the TP of 1.1940/1.1900.
