Intraday bias remains bearish as long as resistance 0.8550 holds. It hit a high of 0.84018 at the time of writing and is currently trading around 0.84295.
The Swiss franc gained sharply as the SNB cuts rates at slower pace compared to US Fed. The easing of US PCE also increased the chance of aggressive rate cuts by the Fed.
Technicals-
The pair is trading below 34 and above 55 EMA in the 1-hour chart.
The near-term resistance is around 0.84574 any break above targets 0.84750/0.8500/0.8520. The bearish pattern from 0.92244 will get completed at 0.8375 if pair close above 0.8550. A jump to 0.8590/0.8660 is possible. The immediate support is at 0.8400, any violation below will drag the pair to 0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index - Neutral. Overall trend is mixed.
It is good to sell on rallies around 0.8468-70 with SL around 0.8500 for a TP of 0.83780.


Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR sell bias remains below key resistance zone
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major) 



