Ichimoku Analysis (1-Hour chart)
Tenken-Sen- 1.07975
Kijun-Sen- 1.08199
EURUSD continues to trade weak after a minor jump till 1.08161. The number of people who filed for unemployment benefits rose to 3 million last week compared to a forecast of 2.5 million cases. It hits a low of 1.07748 at the time of writing and is currently trading around 1.07911.
The near term major support is around 1.0760, any violation below will drag the pair down till 1.07200. Any break below 1.0720 confirms bearish continuation, a dip till 1.0650/1.0600.
On the higher side, near term resistance is at 1.08350, and indicative break above targets 1.0900/1.09250.
It is good to sell on rallies around 1.0858-60 with SL around 1.0900 for the TP of 1.07600.
