EURUSD pared minor gains made yesterday. The pair recovered till 1.16275 and started to decline from that level. The major reason for broad based buying in USD was due to sell-off in EM currencies especially in Argentina Peso. Argentina peso has lost almost more than 20% on Friday and hits low of $41.46 against USD. Trade talks between US and Canada also supporting USD.
The US is set to impose further fresh round of tariff worth $200 billion on China in the first week of September. Markets eye US ISM manufacturing which is to be released for further direction.
On the lower side, major support is around 1.1540 (20- day MA) and any violation below targets 1.1500/1.14656. Any convincing close below 1.1500 confirms further weakness.
The near term resistance is around 1.1630 and any break above targets 1.1660/1.1700/1.17500.
It is good to sell on rallies around 1.1600-025 with SL around 1.1660 for the TP of 1.1500/1.1465.


FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Woodies pivot (Major)
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge 



