Ichimoku analysis (1-Hour chart)
Tenken-Sen- 1.18333
Kijun-Sen- 1.18445
EURUSD has shown a minor pullback after mixed US jobs data. The US economy has added 85000 in June compared to a forecast of 725000, while the unemployment rate rose to 5.9% from 5.8%. The US 10-year yield pared most of its gains made after the data. It hits a high of 1.4680% and hovers near the 1.4420 level. DXY is holding above 92.50 levels, any convincing surge above 92.60 confirms further bullishness. The pair hits an intraday low of 1.18259 and is currently trading around 1.18360.
Technical:
On the higher side, near-term resistance is around 1.18600, and any convincing breach above will take to the next level 1.19087/1.1945/1.200. The pair's near-term support is at 1.1800, break below targets 1.1760/1.1720.
Indicator (1-hour chart)
CAM indicator-Slightly bullish
Directional movement index – Neutral
It is good to sell on rallies around 1.18580-60 with SL around 1.19070 for the TP of 1.1760
