FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows 
FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw 
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FxWirePro- Major European Indices 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 
FxWirePro: USD/ZAR continues to recovers , upside pressure builds 
FxWirePro: GBP/AUD takes back some lost ground 
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 
 - EconoTimes)
Chart pattern- AB=CD pattern.
EURUSD pared some of its gains after mixed US CPI. It hit a low of 1.10033 and is currently trading around 1.10103.
|
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
|
12:30 pm |
US |
CPI y/y |
2.5% |
2.6% |
2.9% |
|
|
|
Core CPI y/y |
3.2% |
3.2% |
3.2% |
|
|
|
CPI m/m |
0.20% |
0.20% |
0 |
|
|
|
Core CPI m//m |
0.30% |
|
0.20% |
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 14% from 34% a day ago.
The pair trades below short-term (34 AND 55 EMA) in a 4-hour chart. Major resistance to watch- 1.10231/1.10385/1.10554/1.10667. Bullish continuation only above 1.12050.
Major support- 1.09880,1.09420
It is good to buy on dips around 1.0978-80 with SL around 1.0930 for a TP of 1.1148.
