EURUSD continues to trade lower amid better than expected German GDP data. It came at 0.1% much better than the estimate of -0.1%, the jump was mainly due to improvement in consumer spending, exports. Markets eye US PPI and Powell's testimony for further direction. It hits a low of 1.09914 and is currently trading around 1.09920.
US 10-year yield has lost more than 6.5% after hitting a high of 1.97%. It has jumped more than 15% this month and is currently trading at 1.845%. The spread between US and German 10- year yield has widened from 208 bps to 216.5 bps.
On the flip side, near-term support is around 1.09900, any break below will drag the pair down till 1.09395/1.0900. Major weakness only below 1.0880.
The near-term resistance is around 1.10250, the indicative break above will take the pair to next level 1.1070/1.1100/1.1140. Major bullishness only above 1.11800.
It is good to sell on rallies around 1.1028-30 with SL around 1.1070 for the TP of 1.10935.


FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
FxWirePro: NZD/USD gains slightly but bearish outlook remains
USD/CHF Retreats to Key Trend-Line Wall; Buy-Above-0.8000 Strategy Targets Sharp Rally to 0.8150
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target
FxWirePro:GBP/USD recovers some ground but bears are not done yet
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target 



