Ichimoku analysis (4-Hour chart)
Tenken-Sen- 1.19181
Kijun-Sen- 1.19268
EURUSD has halted its two weeks of the bearish trend and shown a minor recovery. The slight dovish comments from Fed Chairman and upbeat Eurozone data are supporting the single currency at lower levels. Fed chairman said that the surge in inflation was mainly due to the reopening of the economy after the pandemic. This shows that there will not be a rate hike in the near term. The German flash manufacturing PMI came at 64.90 in June slightly better than the forecast of 63. The pair hits an intraday high of 1.19455 and is currently trading around 1.19371.
Technical:
On the higher side, near-term resistance is around 1.19530, and any convincing breach above will take the pair to next level 1.2000/ 1.2035 (200- day MA). The pair's near-term support is around 1.1880, break below targets 1.1840/1.1800.
Indicator (Daily chart)
CAM indicator- Slightly bullish
Directional movement index –Bearish
It is good to buy on dips around 1.19350-360 with SL around 1.1900 for the TP of 1.2040.


Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
ETHUSD Dip: Prime Buy Zone to $3600 Targets
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major US Indices
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary 



