Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.10536
Kijun-Sen- 1.11247
EURUSD trades weak ahead of US Fed monetary policy. US Fed plans to hike rates by 25 bpbs and markets eye Powell's guidance for further direction. It hits an intraday low of 1.10204 and is currently trading around 1.10686.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July increased to 98.90% from 98% a week ago.
The US 10-year yield trades flat ahead of US-fed monetary policy. The US 10 and 2-year spread narrowed to -99.20% 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 1.1020 confirms intraday bearishness; a decline to 1.1000/1.0950 is possible. The near-term resistance is around 1.1110. The breach above targets 1.1150/1.1200/1.1275.
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: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro- Major European Indices
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ZAR edges lower ,investors remain on edge 



