Trend line resistance- 1.11275 (trend line joining 1.12016 and 1.11554)
EURUSD pared most of its gains despite the Fed 50 bpbs rate cut. It hit a low of 1.10683 at the time of writing and is currently trading around 1.11554.
It cut rates by 50 bpbs compared to a forecast of 25 bpbs, the first cut since 2020.
The central bank stated that Job gains have slowed and inflation is moving towards fed target of 2% but remains slightly elevated.
The pair trades above short-term (34 AND 55 EMA) in 4-hour chart. Major resistance to watch- 1.1180/1.12050. Bullish continuation only above 1.1280.
Major support- 1.1140,1.1090,1.1060/1.100/1.09880.
Indicators ( 4- hour chart)
Directional movement index -Bullish
CCI (50)- Bullish
CCI(14)- Bullish
It is good to buy on dips around 1.1145-48 with SL around 1.10960 for a TP of 1.1275.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
JPY Major Currency Score
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: USD/CAD neutral in the near term, scope for further upside
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: GBP/AUD edges higher but maintains bearish bias
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 



