Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.08637
Kijun-Sen- 1.08556
EURUSD trades above the 1.0900 level on board-based US dollar selling. It hit a high of 1.06454 and is currently trading around 1.09340.
The US private sector has added 177000 jobs in August, below expectations of 194000. The US economy increased at an annualized pace of 2.1% in the second quarter, compared to a forecast of 2.4%.
Major economic data for the day
Aug 31st, 2023, Core PCE index m/m (12:30 pm GMT)
Unemployment claims
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 88.50% from 88% a week ago.
The US 10-year yield hits a fresh two-week low on dismal US economic data. The US 10 and 2-year spread narrowed to -77.6% from -86.4%.
The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break above 1.0965 confirms further bullishness, a jump to 1.1000/1.1070 is possible. The near-term support is around 1.0880. The breach below targets 1.0830/1.07600/1.0700/1.0660.
Indicator (4-hour chart)
CCI – bullish
Directional movement index – Bullish
It is good to buy on dips around 1.0880-85 with SL around 1.0835 for a TP of 1.1000.


EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
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: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



