EURUSD trades slightly lower after hitting a high of 1.07132. Minor jump in US dollar index putting pressure on Euro at higher levels. It hits an intraday high of 1.06804 and is currently trading around 1.06620.
Major economic data to watch- Eurozone Harmonized Index of Consumer Prices (HICP)I for further direction.
The US 10-year yield is trading flat after hitting a half-month high. The yield spread between 10 and 2-year widened to -61.3 basis points from -46.9 bpbs.
Technical:
On the higher side, near-term resistance is around 1.07250 and any convincing breach above will take the pair to the next level of 1.0760/1.0800.
The pair's immediate support is at 1.0620, breaking below targets of 1.0565/1.0500.
Indicator (4-hour chart)
Directional movement index – Neutral
CCI(50)- Bullish
It is good to buy on dips around 1.0600 with SL around 1.0540 for a TP of 1.07250.


FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



