Ichimoku analysis (1-hour chart)
Tenken-Sen- 1.21495
Kijun-Sen- 1.21505
EURUSD declined more than 50 pips on weak German IFO business climate. The business climate declined to 90 in Jan compared to a forecast of 91.10. The surge in coronavirus cases and slight pessimism in Biden stimulus is supporting demand for safe-haven assets like yen. The pair hits an intraday low of 1.21160 and is currently trading around 1.21258.
Technical:
On the higher side, near-term resistance at 1.2150. Any indicative violation above targets 1.2180/1.2200/1.2260. The next support is around 1.21150. Breach below will drag the pair down till 1.20780 (trend line support)/1.2050/1.200.
It is good to sell on rallies around 1.2148-50 with SL around 1.2180 for the TP of 1.2050.


FxWirePro: USD/ZAR bears maintain upper hand
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Woodies pivot (Major)
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major) 



