FxWirePro- EURUSD Daily Outlook 

Ichimoku analysis (4-hour chart)
 
 Tenken-Sen- 1.07378
 
 Kijun-Sen- 1.07309
 
EURUSD trades flat ahead of ECB monetary policy. It hit a high of 1.07521 at the time of writing and currently trading around 1.07361. 

The European Central Bank expected to keep its rates unchanged at 4.25%. Markets eye ECB president Christine Lagarde's press conference for further direction.

 Sep 14, 2023, ECB Main Refinancing rate  (12:15 pm GMT)

Core PPI m/m (12:30 pm GMT)

Core Retail sales 

US Jobless claims

According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 97% from 92% a week ago.
 
 The US 10-year yield pared some of its despite strong US CPI. The US 10 and 2-year spread widened to -73% from -57%.

The pair trades above short-term 21 EMA,  below  55 EMA, and long-term (200-EMA) in the 4-hour chart.  Any break below 1.0660 confirms further bearishness. A decline to 1.0600/1.0500  is possible. The near-term resistance is around 1.0770, any breach above targets is 1.0800/1.0880.
 
   Indicator (4-hour chart)
 
   CCI – Bearish
 
  Directional movement index – Bullish
 
It is good to sell on rallies around 1.0765-68 with SL around 1.0820 for a TP of 1.0600.