Intraday bias remains bearish as long as resistance 0.8550 holds. It hits a high of 0.85420 yesterday and is currently trading around 0.85193.
US dollar gained momentum after positive US ISM services PMI data. Markets eye US NFP data for further direction. Any upbeat US NFP (above 180K) will push the pair above 0.8550.
Technicals-
The pair is trading above 34 and and above 55 EMA in the 1-hour chart.
The near-term resistance is around 0.8550 any break above targets 0.8590/0.8660. The bearish pattern from 0.92244 will get completed at 0.8375 if pair close above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.8470, any violation below will drag the pair to 0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish.
It is good to buy above 0.8550 with SL around 0.8500 for a TP of 0.8660.


FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 



