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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major Pair levels and bias summary 
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Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.06856
Kijun-Sen- 1.06908
EURUSD showed a minor pullback ahead of US CPI data. It hit a high of 1.07068 at the time of writing and is currently trading around 1.07062.
The analyst expects a headline CPI to have risen to 0.1% from 0.30%. The annual inflation to fall 3.3% from the previous month's 3.7%.
Major Economic Data for the day
Nov 14 th 2023, US Core CPI m/m (1:30 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate hike in Nov decreased to 85.70% from 90.2% a week ago.
The US 10-year yield is trading flat ahead of the US CPI. The US 10 and 2-year spread widened to -40% from -16%.
The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any break below 1.0660 confirms further bearishness. A decline to 1.0600/1.0550 is possible. The near-term resistance is around 1.0720 and any breach above targets is 1.0765/1.0835. Bullish invalidation only if it breaks below 1.0440.
Indicator (4-hour chart)
CCI – bullish
Directional movement index – neutral
It is good to sell on rallies around 1.0700-025 with SL around 1.0760 for a TP of 1.0440.
