- EURUSD is consolidating after forming a temporary top around 1.19098 on Aug 2nd 2017. The pair declined till 1.16626 yesterday and is currently trading around 1.17501.
- The pair downside capped by 23.6% fibo and any further weakness can be seen below that level. Euro has shown a minor decline after ECB fears the currency is too strong.
- EUR/USD should break 1.1800 on the higher side and 1.16500 on the lower side for further direction. On the lower side, any break below 1.16500 (23.6% fibo) will drag the pair down till 1.15980/1.15000.
- The pair near term resistance is around 1.1800 and any decisive break above will take the pair to next level till 1.1845/1.1900. Bullish continuation can be seen only above 1.1910.
It is good to buy on dips around 1.1715-1.1720 with SL around 1.16500 for the TP of 1.1800/1.1900


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY hits 15-month low , scope for further downside
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
Ethereum Stuck in Neutral: Range-Bound at $2.9K with Bearish EMAs – But Dip-Buyers Eye $2958 for $3600+ Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



