FxWirePro- EURUSD Daily Outlook 

Ichimoku analysis (4-hour chart)
 
 Tenken-Sen- 1.08446
 
 Kijun-Sen- 1.07923
 
EURUSD showed a nice pullback after hawkish comments from ECB officials. ECB chief economist Philip Lane said in an interview emphasized that the central bank signals more rate hikes until inflation returns 2% target. It hits an intraday low of 1.08504 and is currently trading around 1.08434.

US pending home sales rose 0.80% unexpectedly for a third month, compared to a forecast of  -2.8%.

Major economic data for the day

Mar 30th, 2023  US Final GDP q/q (1:30 pm GMT).

                              Unemployment claims (1:30 pm GMT)

 According to the CME Fed watch tool, the probability of a no-rate hike in Mar increased to 54.1% from 50.1% a week ago.

 The US 10-year yield surged nearly 10% after forming a minor bottom of 3.287%. The US 10 and 2-year spread narrowed to -53.6% from -108%.

The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart.  Any indicative break above 1.08720 confirms intraday bullishness, a jump to 1.0900/1.09299  is possible. The near-term support is around 1.08000. The breach below targets 1.07600/1.0700.

  Indicator (4-hour chart)

  CCI – Bullish

  Directional movement index – neutral
 
It is good to buy on dips around 1.0800 with SL around 1.0760 for a TP of 1.0900.