FxWirePro:USD/CAD bulls continue to hold the higher ground 
FxWirePro: GBP/USD dips as UK political tensions drag pound lower 
FxWirePro: GBP/AUD slips lower amid heightened UK political uncertainty 
FxWirePro: GBP/NZD edges higher but bias is bearish 
FxWirePro: USD/JPY holds firm but remains capped below 158.00 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
FxWirePro: GBP/USD slide extends as UK political tumult intensifies 
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure 
FxWirePro: USD/CAD gains some ground but bias is bearish 
FxWirePro: EUR/ NZD gains some upside momentum but still bearish 
FxWirePro: EUR/ NZD dips towards 1.9700 level ,scope for further downside 
FxWirePro: AUD/USD softens slightly as market focus on U.S.-China meeting 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD edges higher but bulls lack punch 
FxWirePro: NZD/USD soured risk gives US Dollar bulls the win 
FxWirePro: EUR/AUD downward momentum remains in place 
EURUSD pared most of its gains after dismal US retail sales. It hits an intraday low of 1.16715 and is currently trading around 1.16756.
In April 2026, the US retail sector displayed unexpected resilience, with headline sales climbing 0.7% and core sales surging 0.9%, thereby registering a third straight month of growth that greatly surpassed economic projections. The data indicates that strong job growth and slowing goods inflation are successfully protecting consumers from high interest rates, as shown by a 1.5% increase in internet shopping and strong discretionary spending in health and sports items. As the economy seems to be maintaining a steady expansion without re-igniting significant inflationary pressures, this "Goldilocks" performance has market optimism and strengthened expectations for a Federal Reserve pause.
|
Technicals |
CMP -1.16756 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
1.17184 |
CMP< value |
Bearish |
|
200- EMA |
1.17320 |
CMP<value |
Bearish |
|
365- EMA |
1.17268 |
CMP<value |
Bearish |
Major support- 1.14. Near-term resistance- 1.1725/1.1765/1.1800
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-221 |
|
ADX |
Bearish |
Strength increased from 25.36 to 31.84 |
It is good to sell on rallies around 1.1700 with SL around 1.1765 for a TP of 1.1525.
