EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
FxWirePro: USD/ CNY hits one-month low,scope for futher downside 
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level 
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- 1.18169
Kijun-Sen- 1.18535
EURUSD is trading higher and jumped more than 40 pips on upbeat German IFO. The German IFO rose to 92.6 in Aug compared to estimates of 92 and Current assessment index jumped to 87.9 slightly above expectations of 87. The COVID-19 vaccine hopes and optimism in US, China trade deal is supporting Euro at lower levels. Markets eye US Fed Chairman speech at Jackson hole symposium further up move in this pair. The pair hits an intraday high of 1.18425 and is currently trading around 1.19465.
The 4-hour chart shows that the pair is trading slightly above 100 MA and any violation above 1.18500 confirms intraday bullishness. A jump till 1.1900/1.1920 likely.
On the lower side, strong support is at 1.17500, and the break below will drag the pair down till 1.16900/1.1660.
It is good to buy on dips around 1.1760-65 with SL around 1.1700 for the TP of 1.1920.
