Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.13350
Kijun-Sen- 1.13677
EURUSD showed a minor recovery after a sell-off of more than 50 pips. The surge in US treasury yields is putting pressure on the pair at higher levels. The number of people who have filed for unemployment benefits rise to 286 million last week, the highest level since Oct. The Philly Fed manufacturing index jumped to 23 in Jan compared to a forecast of 20. Markets eye US Fed monetary policy next week for further direction. EURUSD hits an intraday high of 1.13401 and is currently trading around 1.13365.
Technical:
On the higher side, near-term resistance is around 1.1380 and any convincing breach above will drag the pair to the next level 1.1435/1.1500. The pair's immediate support is at 1.1300, breaking below targets of 1.1260/1.2300.
Indicator (4-hour chart)
Directional movement index – Neutral
It is good to sell on rallies around 1.1378-80 with SL around 1.1435 for a TP of 1.1260.


FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Woodies pivot (Major)
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



