Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.21175
Kijun-Sen- 1.21059
EURUSD recovered sharply after the ECB policy meeting. The central bank has kept its main refinancing operations at zero, marginal lending facility, and the deposit facility unchanged at 0.25% and -0.50%. ECB President Lagarde said that PPEP to be continued until the end of Mar 2022. We will monitor the exchange rate and its impact. The number of people who have filed for unemployment benefits has declined to 900K compared to a forecast of 900K. The US 10-year yield surged more than 3.5% after the data.
Technical:
On the higher side, near-term resistance at 1.21750. Any indicative violation above targets 1.2220/1.2260. The near term support is around 1.21150. Breach below will drag the pair down till 1.20700 (trend line support)/1.2050/1.200.
It is good to buy on dips around 1.2140 with SL around 1.2100 for the TP of 1.2260.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



