Ichimoku analysis (4-hour chart)
Tenken-Sen- 0.98461
Kijun-Sen- 0.98762
EURUSD recovered more than 50 pips in the European session ahead of US Non-Farm payroll data.US economy is expected to add 248K in Sep compared to the previous month's 315K. Any dismal jobs data will push the Euro higher to the 1.0000 level. German retail sales and industrial production came below estimates.
US treasury yields pared some of their loss after hawkish commentary by Minneapolis Fed President Kashkari.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov rose to 75.9% from 53.20% a week ago.
EURUSD hits a low of 0.97656 and is currently trading around 0.98093.
Technical:
On the higher side, near-term resistance is around 0.9860 and any convincing breach above will drag the pair to the next level of 0.9920/0.9965/1.00500/1.0200.
The pair's immediate support is at 0.9760, breaking below targets of 0.9700/0.9630/0.9600.
Indicator (4-hour chart)
Directional movement index – Bearish
It is good to sell on rallies around 0.9828-30 with SL around 0.9900 for a TP of 0.95360.


BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 



