Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level 
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.07365
Kijun-Sen- 1.07692
EURUSD showed a minor pullback after a massive sell-off. The pair declined after weak German GDP data. Recession in Germany pulling the euro further down. It hits a fresh nine-week low of 1.07071 and is currently trading around 1.07373.
US Q1 GDP 2023 (second reading) came at 1.3% compared to a forecast of 1.1%. The number of people who have filed for unemployment benefits increased by 4000 in the week ending May 20, below the estimate of 249K.
Major economic data for the day
May 26th, 2023, US Core PCE index m/m (12:30 pm GMT)
Core Durable goods orders m/m (12:30 pm GMT)
Revised UoM consumer sentiment (2 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 37.8% from 35.6% a week ago.
The US 10-year yield jumped more than 2% yesterday on our debt deal optimism. The US 10 and 2-year spread narrowed to -71% from -108%.
The pair trades below short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.0700 confirms intraday bearishness; a dip to 1.0660/1.0600 is possible. The near-term resistance is around 1.0760. The breach above targets 1.0800/1.0865/1.0900.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.07600 with SL around 1.0800 for a TP of 1.0660.
