Ichimoku analysis (1-Hour chart)
Tenken-Sen- 1.21689
Kijun-Sen- 1.21806
EURUSD has declined on upbeat US CPI data. The US Headline inflation surged to 5.0% in May compared to a forecast of 4.7%. The core CPI came at 3.8% highest since 1992. The ECB has kept its rates and PEPP purchase program unchanged. The US-10 year bond yield has pared its gains after a 2.5% jump to 1.53%. DXY is facing psychological support at 90. Any breach below 90 confirms further bearishness. EURUSD hits an intraday low of 1.21432 and is currently trading around 1.21480.
Technical:
On the higher side, near-term resistance is around 1.2220, and any convincing breach above will take the pair to next level 1.2260/1.2300/1.23485. The pair's near-term support is around 1.2150, any convincing break below that level targets 1.2100/1.20380 (100- day MA)/1.1980.
Indicator (1-hour chart)
RSI- Bearish
Directional movement index –Bearish
It is good to buy on dips around 1.2150 with SL around 1.2100 for the TP of 1.2280.


Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro- Major European Indices
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro- Woodies pivot (Major)
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



