Ichimoku analysis (hourly chart)
Tenken-Sen- 1.21150
Kijun-Sen- 1.20998
EURUSD recovered nearly 100 pips from a low of 1.21450. Markets eye treasury secretary Yellen testimony today for further direction. She is expected to give hint about the second stimulus plan. DXY continues to trade weak for the second consecutive day, violation below 90.30 confirms minor weakness. The intraday trend of EURUSD is bullish as long as support 1.2050 holds.
Technical:
On the higher side, near-term resistance at 1.21620. Any indicative violation above targets 1.2220/1.2260. The near term support is around 1.2100. Breach below will drag the pair down till 1.2050/1.200.
It is good to buy on dips around 1.2088-90 with SL around 1.2050 for the TP of 1.2260.


FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



