EURUSD has lost more than 70 pips from high of 1.13479 amid weaker than expected US CPI data. US annual inflation came at 1.8% compared to forecast of 2.0%. But slight sstrength in US dollar was mainly due to
- US-China renewed trade tensions and trump also threatened to slam additional tariffs for $300 billion worth Chinese goods if Chinese President Xi does not attend G-20 summit.
- Trump also threatened to sanction Germany if Merkel continues to support Russia Nord 2 stream pipe line.
US 10 year yield down more than 3.5% after US CPI data and spread between US 01 year and 3 months has declined to 10 basis point from 2 basis point.
Technically, near term major support is around 1.1270 (100-day MA) and any convincing break below targets 1.1215/1.11750.
The near term resistance is around 1.13600 (200-day MA) and any indicative break above will take the pair higher till 1.1420/1.1450.
It is good to buy on dips around 1.1265-70 with SL around 1.1215 for the TP of 1.1420.


FxWirePro- Major Crypto levels and bias summary
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major European Indices
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 



