EURUSD has recovered sharply more than 100 pips after yesterday Fed Chairman Powell speech. Fed Chairman said that rates are “just below” neutral which fuelled hopes that Fed may close or pause interest rate tightening cycle. The pair hits high of 1.13976. It is currently trading around 1.13700.
Markets eye ECB President Draghi speech and US Fed meeting minutes for further direction. Italian government ministers has slashed their budget deficit from 2.4% to 2.2% but European Commission has not impressed with minor reduction.Morgan Stanley slashed Italy growth outlook to 0.5% for GDP next year compared Italian government forecast of 1.5% growth. The Italian 10 year bond yield is holding around 3.24% level and spread between German and Italy 10 yield is around 290 basis point compared to 330 bpbs.
On the higher side, 1.1435 will be acting as near term support and any break above targets 1.14750/1.1500. The pair should break above 1.1500 for further bullishness.
The near term support is around 1.13600 and any break below targets 1.1300/1.12690. Major support is around 1.32160 level.
It is good to sell on rallied around 1.1430-35 with SL around 1.14750 for the TP of 1.1300/1.12690.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: AUD/USD cedes early gains ,outlook bearish
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD bears maintain upper hand
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 



