Intraday bias remains bearish as long as resistance 0.8550 holds. It hits a high of 0.84018 at the time of writing and is currently trading around 0.84295.
Chicago PMI edged slightly up to 46.60 in Sep, compared to a forecast of 46.10.
Technicals-
The pair is trading above 34 and above 55 EMA in the 1-hour chart.
The near-term resistance is around 0.8480 any break above targets is 0.8500/0.8520. The bearish pattern from 0.92244 will be completed at 0.8375 if the pair closes above 0.8550. A jump to 0.8590/0.8660 is possible. The immediate support is at 0.8440, any violation below will drag the pair to 0.8420/0.8390/0.8365 (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.


EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



