Major resistance- 1.1180
As per our analysis, EURUSD has formed Adam and Adam double top and is hold ing well below neckline 1.10700 level. The pair hits fresh 2-week low amid US-China trade optimism. The European Commission has slashed EU growth rate to 1.1% and 1.2% in 2019, 202 respectively compared to 1.2% and 1.5% in the previous forecast. The pair hits low of 1.10360 and is currently trading around 1.10418.
US 10-year is on the higher side and hits 2-month on US-China trade progress. It is holding above major resistance 1.907%, a jump till 2% is possible. The spread between US and German yield slightly widened to 216 bps from 209 bps.
The number of people who filed for employment benefits declined by 4000 to 211000 and hits one month low. Markets eye US UoM consumer sentiment for further direction.
On the flip side, near term support is around 1.10350 (50- day MA), any violation below will drag the pair down till 1.100/1.0950.
The near-term resistance is around 1.1100 and the indicative break above will take the pair to next level 1.1140/1.1180.
It is good to sell on rallies around 1.1068-70 with SL around 1.1100 for the TP of 1.1000.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/USD rises as soft US data pressures dollar 



