FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Major Pair levels and bias summary 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: USD/ZAR bears maintain upper hand 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: USD/JPY catches bid ahead of BoJ meeting 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
EUR/USD gained sharply above 1.14500 as US CPI rose. It hit an intraday high of 1.14889 and currently trading around 1.14642.
|
Indicator |
May-25 |
Apr-25 |
Consensus |
|
CPI m/m |
0.20% |
0.20% |
0.20% |
|
Core CPI m/m |
0.30% |
0.20% |
0.30% |
|
CPI y/y |
2.40% |
2.30% |
2.40% |
|
Core CPI y/y |
2.90% |
2.80% |
2.90% |
The pair is holding above short and long-term moving averages in the 4-hour chart. Near-term resistance is seen at 1.1500; a break above this may push the pair to targets of 1.1600. Major bullish momentum is likely only if prices can break above 1the .160 target of 1.1660. On the downside, support is seen at 1.13700 any violation below will drag the pair to 1.135/1.1300/1.1265/1.1200/1.1150/1.1090/1.1050/1.100.
Market Indicators and Trading Strategy
Commodity Channel Index (CCI)- Bullish
Average Directional Movement Index (ADX) - Neutral
It is good to buy on dips around 1.1435-38 with a stop-loss at 1.1370 for a target price of 1.1600.
