Ichimoku analysis (4-Hour chart)
Tenken-Sen- 1.16138
Kijun-Sen- 1.1626
EURUSD has pared most of its gains made yesterday and hovering near 1.16000 level. The US debt ceiling and Chinese Evergrande's crisis is supporting the US dollar at lower levels. The Markit German and Eurozone services PMI came slightly better than forecast. The minor sell-off in US treasury yield after hitting a multi-week high is protecting EURUSD from further fall. It hits an intraday high of 1.16046 and is currently trading around 1.16011.
Technical:
On the higher side, near-term resistance is around 1.1650 and any convincing breach above will drag the pair to the next level 1.17010/1.1760. The pair's immediate support is at 1.1560, break below targets 1.1500.
Indicator (4-hour chart)
Directional movement index – Neutral
It is good to buy on dips around 1.15900 with SL around 1.1550 for TP of 1.1700.


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major European Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major) 



