EURUSD has once declined after showing a jump above the 1.1200 level. Short term trend is weak as long as resistance 1.1250 holds. The weak German ZEW has further dragged EURUSD down. It came at -49.5% in Mar vs -26.4% and Eurozone arrived at -49.5% vs -35.4%. The pair hits an intraday low of 1.10682 and is currently trading around 1.10702.
US 01-year yield shown a good recovery of more than 10% for the day and is trading at 0.828%. The spread has widened to 45 bps to 37 bps.
Technically, near-term support is at 1.1050 and any violation below will drag the pair to the next level till 1.1000/1.0930.
On the higher side, immediate resistance is around 1.1150 and indicative break above targets 1.1200/1.1245/1.12885.
It is good to sell on rallies around 1.1148-50 with SL around 1.1210 for the TP of 1.0930.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: USD/JPY on nervous hold around 160.00 



