EUR/USD slipped to 5 month low last Friday as the greenback rose against euro following stronger than expected non -farm payrolls data. The EUR/USD pair made modest gain in early European session hitting as high as 1.0793 but was unable to move further on broader weakness, after the US market opened, the pair declined to hit low around 1.0726 shedding almost 40 pips before recovering some ground to trade around 1.0754 levels. Currently the pair is trading around 1.0754 levels with oversold condition and a recovery towards 1.0820 levels can be expected.
- Technically in the 4 hour chart the 55, 30 and 20 MA depicts a clear bearish slope above the current price action, the RSI is indicating towards downside at 33.
- To the upside, the strong resistance can be seen at 1.0830, a break above this level would expose the pair to next resistance level at 1.0886 levels.
- To the downside strong support can be seen at 1.5700, a break below at this level will open the door towards next level at 1.0656.
Recommendation: Go short around 1.0820/1.0800, targets around 1.0740/1.0700, SL 1.0890
Support levels: 1.5700 1.0656 1.0600
Resistance levels: 1.0782 1.0830 1.0886


Bitcoin's Brutal 2025: Down 6.7% YTD, Hovering at $88K – Buy the Deep Dip at $67K Targeting $125K?
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout
FxWirePro:AUD/USD attracts selling interest, could be on verge of a bigger drop
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD drifts lower as greenback firms
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD sustains gains as uptrend remains strong
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD bears regain grip as greenback firms
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
FxWirePro: USD/JPY holds narrow range,focus on near-term support 



