- EURUSD has formed a bottom around 1.16886 on Aug 9th 2017 and showing a minor recovery from that level. EURO jumped till 1.17887 after weaker than expected U.S PPI data.
- U.S PPI data came at -0.1% for the month of Jul biggest drop since Aug 2016. Markets await US CPI data which is to be released today for further direction. Any weakness in CPI will drag the U.S dollar further down.
- Technically, upside is capped by 200- H MA at 1.1800 and any break above will take the pair till 1.18320/1.1860/1.1900.
- On the lower side, trend line support is around 1.1700 and any break below will drag the pair down till 1.16500/1.15984 (23.6% fibo).
It is good to sell on rallies around 1.1775-1.1780 with SL around 1.18320 for the TP of 1.16880/1.1650.


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
Ethereum Stuck in Neutral: Range-Bound at $2.9K with Bearish EMAs – But Dip-Buyers Eye $2958 for $3600+ Breakout
FxWirePro- Woodies Pivot(Major)
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
FxWirePro: USD/JPY bears maintain upper hand
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/ZAR edges higher but bearish outlook persists
NZD/JPY Drifts Sideways: Mixed Signals Say “Stand Aside for Now”
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 



