Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.11264
Kijun-Sen- 1.11917
EURUSD lost its shine after dismal German PMI data. It came at 38.80 in Jul, compared to a forecast of 41. French flash manufacturing PMI dropped to 44.50 vs. the Estimate of 46.10. It hits an intraday low of 1.10746 and is currently trading around 1.10788.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July increased to 99.80% from 93% a week ago.
The US 10-year yield showed a minor pullback ahead of US Fed monetary policy. The US 10 and 2-year spread narrowed to -98.6% from -110%.
The pair trades below short-term 21 EMA, 55 EMA, and above long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.1050 confirms intraday bearishness; a decline to 1.1000/1.0950 is possible. The near-term resistance is around 1.1150. The breach above targets 1.1200/1.1275.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.1100 with SL around 1.1150 for a TP of 1.1000.


FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD moves lower on weak UK data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices 



