Major support - 1.1100
EURUSD hits a low of 1.0867 after Fed monetary policy and shown a minor recovery till 1.1269 level. It is currently trading around 1.1247.
The central bank cuts interest rates by 25 bps as expected for the first time since 2008 and stated that uncertainties on outlook remain, will act as appropriate. Core and overall inflation remain below 2%.
US 10 year yield has declined more than 1.5% from a high of 2.05% level and US 2 year bond yield is currently trading around 1.838%.
On the flips side, the pair has broken major support of 1.1100 and a decline till 1.0500/1.000 is possible.
The near term resistance is around 1.11752 (23.6% fib) and any break above will take the pair to next level till 1.1200/1.1230 (21- day MA)/1.12860 (Jul 11th, 2018 high). The minor resistance is at 1.1160.
It is good to sell below 1.1100 with SL around 1.1150 for the TP of 1.000.


FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/ZAR edges higher, set to stay on back foot
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/ USD strongly bearish despite upside attempts 



