Major support - 1.12000
EURUSD has formed a double bottom around 1.1200 and shown a minor recovery till 1.12469 level at the time of writing and is currently trading around 1.12393.
In the hourly chart the pair is holding above 20- MA around 1.1215 and touched 55 EMA at 1.12470.Any break above 1.12470 confirms slight bullishness and a jump till 1.12650-1.2700 is possible. The 4 hour chart also confirms minor bullishness. It is trading well above 200- 4H MA at 1.12130 and slightly above 300- 4H EMA around 1.12370.Any major trend reversal only above 1.134500.
On the flip side, near term major support is around 1.12000 and any indicative break below will drag the pair till 1.11750/1.11500.
It is good to buy on dips around 1.12300-25 with SL around 1.1200 for the TP of 1.13400.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



