EURUSD trades higher, any close above 21-day MA
Major resistance 1.13000
EURUSD is a trading range-bound between 1.12860 and 1.12382 for the past two days. US PPI data also came better than expected like CPI. Core PPI is at 0.3% compared to an estimate of 0.2%. According to the CME Fed Watch tool, there is a 74.4% probability of rate cut in Jul and 25.6% chance of rate cut of 50 bpbs. The up move in Euro is capped as there is speculation that ECB going to announce stimulus ahead of Fed. The pair hits high of 1.12838 and is currently trading around 1.12803.
Immediate resistance is around 1.12860 and any further upside-only above this level. Any break above will take the pair to next level till 1.13230/1.13485.
On the flip side, 50- day MA will be acting as near term support (1.12400) and any break below will drag the pair to the next level till 1.1200/1.11800.
It is good to buy on dips around 1.1235-38 with SL around 1.11800 for the TP of 1.13300.


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Pair levels and bias summary
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: AUD/USD gains some ground but outlook is bearish 



