Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.05622
Kijun-Sen- 1.0747
EURUSD tumbled sharply after a minor pullback. The board-based US dollar buying on hopes of an aggressive rate hike by fed.US CPI cools off to 8.3% from March's 40-year high of 8.5%. The inflation is better than the forecast of 8.1%. The 10-year yield lost more than 10% from a multi-month high. Markets eye US PPI data for further direction. EURUSD hits an intraday low of 1.04429 and is currently trading around 1.04568.
Technical:
On the higher side, near-term resistance is around 1.0500 and any convincing breach above will drag the pair to the next level of 1.0570/1.0600/1.0650.
The pair's immediate support is at 1.0450, breaking below targets of 1.0400/1.0340/1.0300.
Indicator (4-hour chart)
Directional movement index – Neutral
It is good to sell on rallies around 1.060 with SL around 1.0650 for a TP of 1.0400.


FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro- Major Pair levels and bias summary
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro- Major Crypto levels and bias summary
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro- Major Pair levels and bias summary 



