The minor trend of EURUSD manages to break-out above range (refer 4H chart in the rectangular area), consequently, the current prices have spiked above 7SMAs. For now, the upswings are most likely to extend further upon intensified bullish momentum & MACD crossover.
On a broader perspective, bulls in the major trend spike well above EMAs but the occurrence of shooting stars hamper buying sentiments. But we had earlier stated that never conclude the signal in an isolation as both leading & lagging indicators still signal strength in the uptrend.
The technical study should always be substantiated by supportive calls.
But bulls have been lingering at 3-years highs after testing supports at 7EMAs to bounce back, for now, the rallies seem to be extending further upon bullish EMA and MACD crossover.
Capitalizing on the prevailing buying sentiments coupled with rising IVs, this is the right time to bid DTs calls (Double-Touch call options). One can bet about another 60-70 pips of the northward journey where the underlying pair likely to test next stiff resistance.
Currency Strength Index: FxWirePro's hourly EUR spot index is trending higher towards 25 levels (which is bullish) ahead of today’s ECB monetary policy meeting, while hourly USD spot index was at a tad below -112 (highly bearish) at the time of articulating (at 05:59 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:


FxWirePro: GBP/AUD moves lower on weak UK data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



