EUR/USD lost its shine and hit a 3-month low on US dollar strength. It hits an intraday low of 1.14809 and is currently trading around 1.14809. Intraday trend remains bearish as long as resistance 1.1540 holds.
The pair is holding below the 55 EMA, 200 EMA, and 365 EMA on the 4-hour chart. Near-term resistance is seen at 1.15450; a break above this may push the pair to targets of 1.1575/1.1600/1.1670/1.1700/1.1765/1800/1.1835/1.1850/1.1920. On the downside, support is seen at 1.1480; any violation below will drag the pair to 1.1435/1.1400.
Market Indicators and Trading Strategy
Commodity Channel Index (CCI)- Bearish
Average Directional Movement Index (ADX) - Bearish
It is good to sell on rallies around 1.1500 with a stop-loss at 1.1545 for a target price of 1.1435/1.1400.


FxWirePro- Major US Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/JPY dips below lower range, bearish bias increases
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: EUR/AUD poised for further downside after key fibo break
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: NZD/USD sustains gains as uptrend remains strong
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD firms as Australian household spending records sharp jump 



