Ichimoku analysis (Daily chart)
Tenken-Sen- 1.17444
Kijun-Sen- 1.17886
EURUSD continues to trade lower and hits fresh yearly lows on board-based US dollar buying. The decrease in risk appetite is due to Chinese Evergrande's default risk and US debt ceiling concern. The surge in US treasury yield also supporting the greenback. Markets eye US Fed chairman Powell speech and CB Consumer confidence for further direction. It hits an intraday low of 1.16563 and is currently trading around 1.16611
Technical:
On the higher side, near-term resistance is around 1.17010 and any convincing breach above will drag the pair to the next level 1.1765/1.1800/1.1850/1.18850/1.1920. The pair's immediate support is at 1.1650, break below targets 1.1600/1.1564.
Indicator (Daily chart)
Directional movement index – Bearish
It is good to buy on dips around 1.16500 with SL around 1.1600 for the TP of 1.1755.


Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: AUD/USD dips after RBA Governor speech 



