FxWirePro- Woodies pivot (Major) 
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch 
FxWirePro: GBP/USD falls as investors assess Britain's political transition 
FxWirePro:USD/JPY hovers near 40-year, bias bullish 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K 
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm 
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200 
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues 
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments 
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates 
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish 
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership 
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty 
EUR/USD holds above 1.04000 levels on board-based US dollar selling. It hit an intraday high of 1.04420 and currently trading around 1.04253.
ECB policymaker Mario Centeno said the European Central Bank may have to take interest rates below the neutral level to restore the economy of Europe. The neutral range is estimated at between 1.75% and 2.25%. Centeno said if such effects are omitted, inflation will already be at less than 2%. The comments come amid growing concerns in Europe over deflation. He believes that interest rates will come down to 2% this year, which is currently 2.75%. The central bank declared its interest rate to be reduced by 25 basis points on January 30, 2025, with the same coming into effect on February 5, 2025. Thus, the deposit facility rate would be 2.75%, and the main refinancing operation rate would be 2.90%. Similarly, the marginal lending facility rate would be 3.15%.
Technical Analysis of EUR/USD
The pair is holding above the short and long-term moving averages in the 4-hour chart. Near-term resistance is seen at 1.0470; a break above this may push the pair to targets of 1.0500/1.0535/1.0575, and 1.0600/1.0660. Major bullish momentum is likely only if prices can break above 1.0660, where levels of 1.0700, 1.0760, and 1.0800 await. On the downside, support is seen at 1.0350 any violation below will drag the pair to 1.0300/1.0220.
Market Indicators and Trading Strategy
Commodity Channel Index (CCI)- Bearish
Average Directional Movement Index (ADX) - Neutral. It is good to buy on dips around 1.0350 with a stop-loss at 1.0300 for a target price of 1.0535.
