FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish 
FxWirePro: AUD/USD hits three-month peak,scope for futher upside 
FxWirePro:EUR/NZD bears maintain upper hand 
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path 
FxWirePro- Major Crypto levels and bias summary 
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum 
AUDJPY Surges to One-Month High on Australian Dollar Strength 
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity 
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech 
FxWirePro- Woodies Pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
Add as a preferred source on Google
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.
