FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
Although EURUSD spiked today to above 1.06 levels, it just 88 pips away from 1-yea lows (i.e. 1.0516). But we advise not to jump the guns, is there any substantiations from any other indicators? Compare the prevailing upswings with the major trend.
Snap rallies to deploy shorts as no traces of indications of the uptrend, instead trace out selling momentum and bearish crossover on SMAs.
RSI remains near oversold territory and still indicates slight indecisiveness in the prevailing downtrend but with convincing strength in declining trend.
Stochastic curves also remain below oversold zone but still signals indecisiveness as there is no convincing traces of %K crossover.
MACD’s bearish crossover indicates more slumps on cards.
Most importantly, please be noted that the massive volumes formation on declining prices, it is well in conformity to the bearish trend.
The dollar edged lower against the other major currency peers earlier today but held near recent highs amid expectations that the Federal Reserve is on track to raise interest rates this week.
