EURUSD was trading lower yesterday and lost nearly 100 pips on account of dovish ECB policy. ECB has kept its policy unchanged with deposit rate at -0.4% ,marginal lending rate at 0.25% and main refinancing rate at 0%. ECB President Draghi was more dovish and highlighted increased downside risks on account of global uncertainties. The pair recovered sharply from low of 1.12895 and is currently trading around 1.14030.
On the lower side, near term support is around 1.12670 and any break below will drag the pair to next level till 1.12180/1.1200.
The near term resistance is around 1.1355 and any violation above targets 1.1400/1.14350.Any break above 1.1430 targets 1.1500.
It is good to sell on rallies around 1.1445-50 with SL around 1.1500 for the TP of 1.12180.
Resistance
R1- 1.1435
R2 - 1.1475
R3- 1.1500
Support
S1- 1.12670
S2- 1.12180
S3- 1.1200


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



