EUR/USD jumped more than 100 pips from the low of 1.16092 on account of weak US inflation data and broad based US dollar selling. US CPI came at 0.2% for the month of Aug but annual core CPI came at 2.2% compared to forecast of 2.4%.The slight easing US and China trade war also supporting Euro. ECB has kept its rate unchanged as expected and it has left inflation forecast unchanged for 2018,2019 and 2020. ECB is planning to cut bond buying program from 30 billion euros to 15 billion euros and to stop bond buying in 2019. The other major data to be released today is US retail sales.
On the lower side, near term support is around 1.1660 and any violation below will drag the pair down till 1.1600/1.1530/1.1500. Any break below 1.1500 confirms further weakness.
The near term resistance is around 1.1745 and any break above targets 1.1818/1.1845.
It is good to buy on dips around 1.1660 with SL around 1.1600 for the TP of 1.1800/1.1840.


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD firms after upbeat consumer spending data
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level 



