Ichimoku Analysis (4-hour chart)
Tenken-Sen- 1.18272
Kijun-Sen- 1.19001
EURUSD has lost more than 50 pips on upbeat US jobs data. The US economy has added 1371K jobs in Aug compared to an estimate of 1375K and the unemployment rate beats the street estimate at 8.4% vs 9.8%. The average hourly earnings rose 0.4% MoM and 4.7% over the last twelve months. The pair hits an intraday low of 1.17863 and is currently trading around 1.17919.
The 4-hour chart shows that the pair is trading slightly below 200 MA at 1.17963 and any close below targets 1.17550/1.16900.
On the higher side, strong resistance is at 1.1870, and the break below will take the pair to the next level till 1.1925/1.1965/1.1200.
It is good to sell on rallies around 1. with SL around 1.1700 for the TP of 1.1920.
