- EURUSD has formed a bottom around 1.16886 on Aug 9th 2017 and showing a minor recovery from that level. EURO jumped till 1.17887 after weaker than expected U.S PPI data.
- U.S PPI data came at -0.1% for the month of Jul biggest drop since Aug 2016. Markets await US CPI data which is to be released today for further direction. Any weakness in CPI will drag the U.S dollar further down.
- Technically, upside is capped by 200- H MA at 1.1800 and any break above will take the pair till 1.18320/1.1860/1.1900.
- On the lower side, trend line support is around 1.1700 and any break below will drag the pair down till 1.16500/1.15984 (23.6% fibo).
It is good to sell on rallies around 1.1775-1.1780 with SL around 1.18320 for the TP of 1.16880/1.1650.
Resistance
R1- 1.1800
R2 -1.18320
R3- 1.1910
Support
S1-1.16880
S2-1.16500
S3-1.15980


FxWirePro: USD/ZAR edges lower ,investors remain on edge
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices 



