EUR/USD has pared most of its gains made yesterday after Euro flash PMI data. Euro slight jump on yesterday was mainly due to Brexit optimism. The ECB meetings doesnt have much impact as the policy makers are planning to exit QE by Dec 2019 and slightly worried about global growth and slowing inflation due to declining crude. The spread between German and Italy has reduced to 308 basis point from 335 basis point. Euro flash manufacturing and services PMI came slightly weaker than expected. The pair has slipped more than 70 pips from today’s high. It is currently trading around 1.13533.
Technically near term resistance is around 1.14350 and any break above targets 1.1470 (55- day EMA)/ 1.1500/1.15500. The pair should break above 1.16200 for further bullishness.
On the lower side, near term support is around 1.1360 (20- day MA) and any convincing break below targets 1.1300/1.1215.Major trend reversal below 1.12000.
It is good to sell on rallies around 1.1380-85 with SL around 1.1435 for the TP of 1.1300/1.1200.
Resistance
R1- 1.1435
R2 - 1.1470
R3- 1.1500
Support
S1- 1.1360
S2- 1.1300
S3- 1.1200
EUR/USD has pared most of its gains made yesterday after Euro flash PMI data. Euro slight jump on yesterday was mainly due to Brexit optimism. The ECB meetings doesnt have much impact as the policy makers are planning to exit QE by Dec 2019 and slightly worried about global growth and slowing inflation due to declining crude. The spread between German and Italy has reduced to 308 basis point from 335 basis point. Euro flash manufacturing and services PMI came slightly weaker than expected. The pair has slipped more than 70 pips from today’s high. It is currently trading around 1.13533.
Technically near term resistance is around 1.14350 and any break above targets 1.1470 (55- day EMA)/ 1.1500/1.15500. The pair should break above 1.16200 for further bullishness.
On the lower side, near term support is around 1.1360 (20- day MA) and any convincing break below targets 1.1300/1.1215.Major trend reversal below 1.12000.
It is good to sell on rallies around 1.1380-85 with SL around 1.1435 for the TP of 1.1300/1.1200.
Resistance
R1- 1.1435
R2 - 1.1470
R3- 1.1500
Support
S1- 1.1360
S2- 1.1300
S3- 1.1200


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/AUD bears maintain upper hand
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/ZAR gains as weak SA Manufacturing data hits rand
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
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



