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 retreats, focus on near term support
FxWirePro: USD/ZAR recovers as traders assess US and South African data
FxWirePro: NZD/USD edges higher as dollar weakens after tame US PPI data
FxWirePro: USD/CAD extends loses as bearish sentiment grips
GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target
EUR/USD Surges Past 1.1570 as Weak US Retail Sales Fuel Bullish Momentum
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro : EUR/NZD faces downside pressure ,eyes 1.9650 level
FxWirePro: USD/CAD eases as soft US PPI data weighs on dollar
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD retreats despite upbeat UK GDP growth data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Currency Major Pairs: GBPUSD & AUDUSD Extremely Bullish as USDCAD Turns Deeply Bearish and Major levels to watch
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback 



