FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: GBP/AUD bears maintain upper hand 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro- Woodies pivot (Major) 
Candlestick pattern- Shooting star
EURUSD consolidated in a narrow range between 1.0480 and 1.05329 for the past two trading days. The chance of an economic recession in the globe supporting the US dollar at lower levels. It hits an intraday low of 1.04431 and is currently trading around 1.04772.
German industrial production dropped to -0.10% in Oct, versus consensus expectations for a 0.60% drop.
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Dec rose to 77% from 66.3% a week ago.
The US 10-year yield lost more than 2.5% from yesterday's high of 3.61%. The US 10 and 2-year spread widened to -82.2 basis points from -67 bpbs.
Technical:
On the higher side, near-term resistance is around 1.0550 and any convincing breach above will take the pair to the next level of 1.0600/1.0660.
The pair's immediate support is at 1.0435, breaking below targets of 1.0370/1.02900.
Indicator (4-hour chart)
Directional movement index – Neutral
CCI(50)- Bullish
It is good to buy on dips around 1.0450 with SL around 1.0400 for a TP of 1.0660.
