EURUSD trades lower after a minor jump from low of 1.12261 level. It hits high of 1.12618 yesterday and lost nearly 35 pips for the day. The strong US economic data such as retail sales and weak Markit PMI data form Germany is putting pressure on Euro. It hits low of 1.12172 and is currently trading around 1.12124.
The yield spread between US and German 10 year has widened sharply from 241 basis point to 259 basis point and 2 year yield spread widened nearly 30 basis point in past 4 weeks.
On the lower side near term support is around 1.1200 and any violation below will take the pair to net level till 1.11760. Any break below 1.11760 confirms major trend reversal and a dip till 1.11500/1.11000.
The major near term resistance is around 1.12620 and any violation above confirms minor bullishness and a jump till 1.13000/1.1345 level
It is good to sell on rallies around 1.1238-40 with SL around 1.12650 for the TP of 1.11760/1.1150.


Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 



