Ichimoku analysis (60 min chart)
Tenken-Sen- 1.21577
Kijun-Sen- 1.21079
EURUSD recovered slightly after dovish comments from Fed Chairman Powell. He stated that the central bank will continue to provide keep Quantitative easing until maximum employment and inflation target 2% met. -month high on more stimulus hopes which will increase inflation. DXY is trading weak, any violation below 89.90 confirms further weakness. The index of consumer confidence rose to a 3-month high at 91.3 in Feb better than the forecast of 90.
EURUSD hits an Intraday high of 1.21747 and is currently trading around 1.21630.
Technical:
The pair is facing strong support at 1.21150. Any break below confirms minor bearishness, a jump till 1.2090/1.2060/1.2020 likely. The near-term resistance is around 1.2180. Breach below will drag the pair up till 1.2200/1.2260.
Indicator (60 min chart)
CAM indicator – bullish
Directional movement index – bullish
It is good to sell on rallies around 1.2105-60 with SL around 1.2170 for the TP of 1.2000.


FxWirePro: USD/CAD slips after Fed holds rates steady
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro : GBP/NZD strongly bearish despite upside attempts
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 



