EUR/USD is trading lower and has broken major support 1.1600. The pair hits low of 1.15615 and has shown a minor recovery. The Fed optimism and escalating trade war between US and China is supporting US dollar. The Eurozone services PMI fell to 54.2 in Jul compared to forecast of 54.4. Markets eye US non farm payroll data for further direction. US economy is expected to add 190k new jobs in the month of Jul and wage growth to show a minor jump to 2.7% y/y.
US jobless claims has shown a minor jump by 1000 to a seasonally adjusted 218000 for week ended Jul 28.
US 10 year bond yield has broken 3% and hits 3.160% highest in six weeks. US has planned to raise the tariffs from previous 10% to 25% on $200 billion worth of Chinese import.
EUR/USD’s near term support is around 1.155 and any convincing break below will drag the pair to next level till 1.1500.Any break below 1.1500 confirms minor weakness and decline till 1.1400/1.13600 is likely.
On the higher side, near term resistance is around 1.1645 (7- day MA) and any break above will take the pair to next level till 1.1680 (20- day MA)/1.1750/1.1800.
It is good to sell on rallies around 1.1645-50 with SL around 1.1685 for the TP of 1.1500.


GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/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
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



