Ichimoku analysis (1-hour chart)
Tenken-Sen- 1.21266
Kijun-Sen- 1.21251
EURUSD has shown a minor recovery of nearly 50 pips from a low of 1.20975 on better than German GDP data. It came at 0.1% QoQ in Q4 compared to a forecast of 0.0%. US PCE rose to 0.3% in Dec vs forecast of 0.1%. The US 10-year yield rose more than 5.5% after inflation data. The pair hits an intraday low of 1.20945 and is currently trading around 1.21456.
Technical:
On the higher side, near-term resistance at 1.2180. Any indicative violation above targets 1.2200/1.2260. The next support is around 1.21150. Breach below will drag the pair down till 1.2090/1.2050/1.2000.
It is good to buy on dips around 1.2098-10 with SL around 1.2050 for the TP of 1.2200.


FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/CAD slips after Fed holds rates steady
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



