FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 
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FxWirePro: USD/CNY edges higher, outlook bearish 
- EUR/USD trades higher well above 1.17500 level highest level since May 23rd 2018. ECB member Peter Praet said that next week governing council to debate ending bond buys next week. Bundesbank’s president said that ECB might end the asset purchasing program by end of this year. ECB is currently buying 30 billion Euro per month through Sep. It is expected to get reduced and end at end of the year. It is currently trading around 1.17758.
- On the higher side, near term major intraday resistance is around 1.1750 (50% fib) and any convincing break above will take the pair to next level till 1.1800/1.1830 .Short term bearish invalidation only above 1.2020 (200- day MA).
- The near term support is at 1.1660 and any convincing break below will drag the pair to next level till 1.1600/1.1500.
It is good to buy on dips around 1.1735-40 with SL around 1.1700 for the TP of 1.1830/1.18600.
