EURUSD pares most of its gains made on Friday after weaker than expected China trade figures. The pair hits high of 1.15697 and started to decline from that level. Chinese exports and imports have declined unexpectedly in month Dec. Exports and Imports have fallen 4.4% and 7.6% from a year earlier. This has increased demand for safe haven assets like US dollar. EUR/USD hits low of 1.14507 and is currently trading around 1.14587.
On the lower side the pair is trading slightly below 100-day MA at 1.1475-78. Any daily close below confirms further weakness and a dip till 1.1435 (38.2% fib)/1.1418 (55- day EMA)/1.13505. The pair should break below 1.1300 for further weakness.
The near term major resistance is around 1.15900 (61.8% fib) and any break above targets 1.1620/1.1635 (200- day MA). Any close above 1.16350 confirms further bullishness and a jump till 1.1700/1.1733/1.18150. The near term resistance is around 1.1500.
It is good to buy on dips around 1.1400 with SL around 1.1350 for the TP of 1.17330/1.1815.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD cedes early gains ,outlook bearish
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair 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: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



