Ichimoku Analysis (4-hour chart)
Tenken-Sen- 1.12581
Kijun-Sen- 1.12584
EURUSD continues to trade lower after upbeat US data. US Durable goods orders came at 15.8% much better than the forecast of 10.3%, highest level since Jul 2014. The number of people filed for unemployment benefits rose to 1.48 million last week worst than expectations of 1.35 M. The continuing jobless claims fell by 767000 to 19.52 million. It hits a low of 1.1904 and is currently trading around 1.12150.
On the higher side, immediate resistance is around 1.1260 will take the pair to 1.1320/1.1360/1.1400. Significant trend continuation only above 1.1500. The near term support stands at 1.1170 (38.2% fib), violation below targets 1.1100/1.1080.
It is good to sell below 1.1170 with SL around 1.1205 for the TP of 1.110.
