Ichimoku Analysis (Hourly chart)
Tenken-Sen- 1.08354
Kijun-Sen- 1.08107
EURUSD ease slightly till 1.08254 after dismal US jobs data. US economy lost nearly 20 .5 million jobs in Apr vs forecast of -22 million and the unemployment rate at 14.7%, the highest level since the 1930s. the Broader U6 unemployment rate surged to record 22.8% from 8.7%.
The near term major support is around 1.0800, any violation below will drag the pair down till 1.07600/1.07200. Any break below 1.0720 confirms bearish continuation, a dip till 1.0650/1.0600.
On the higher side, near term resistance is at 1.08550, and indicative break above targets 1.08925/1.09250.
It is good to buy on dips around 1.08200-225 with SL around 1.07650 for the TP of 1.09250.
