Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch 
FxWirePro: GBP/AUD edges lower, bearish outlook persists 
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening 
FxWirePro- Major Crypto levels and bias summary 
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 
FxWirePro: USD/CNY edges lower, scope for further downside 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease 
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report 
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 
FxWirePro: USD/CAD eases slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90 
On daily plotting of EURGBP, shooting stars, doji & engulfing patterns signal weakness, current trend slides below DMAs & goes non-directional but slightly bearish bias. The minor trend has been oscillating between sloping channels.
Shooting stars have occurred near channel resistance, the bearish engulfing pattern has occurred at 0.8810 levels to hamper the momentum in previous rallies.
As a result, the current trend has slid below DMAs yet again, these bearish sentiments are backed by both leading oscillators but lagging indicators are indecisive.
For now, the stiff resistance is observed at 0.8930 and the strong supports are at 0.8788 and 0.8758 levels. While in the medium term, a range between 0.8250 and 0.9032 is expected.
On a broader perspective, the prices are consolidating at around the higher-point of the above-stated range (the current 0.8816) even though the minor trend studies remain a little “overbought”, warning the upside is limited in the near term. We are watching the cross in conjunction with the key levels in the legs highlighted above.
Leading oscillators have been little indecisive, even though RSI shows faded strength on monthly terms.
In long-term, amid struggling for bullish momentum and the occurrence of the bearish engulfing pattern at 0.8814 levels, we can’t afford to risk a re-test and break of 0.9415 in the first instance. The decline through 0.88 and 0.87 areas decreased that risk, leaving us in the middle of the medium-term range.
Contemplating above shot term technical rationale, you can place trades to construct tunnel binary options spreads using upper strikes at 0.8859 and lower strikes at 0.8788 levels, these leveraged instruments are likely to fetch magnified effects in payoff structure as long as underlying spot FX keeps dipping.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 50 (which is bullish), while hourly GBP spot index was at 147 (highly bullish) while articulating at 12:03 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
