Intraday trend – Bearish
Significant intraday support– 1.0400
The pair gained after forming a double bottom around 1.03585 levels. The policy divergence between ECB and Fed dragged the EURUSD further down. The US Dollar index pared its gains after weak US ISM manufacturing data. It has dropped to 53.1 in June vs a forecast of 54.90. The decline in US treasury yield for the four consecutive days pushed the pair slightly higher. It made a high of 1.044430 and is currently trading around 1.04315.
Technical-
Any breach below 1.0340 confirms a bearish continuation; a dip to 1.02500/1.0200 is possible.
The immediate resistance to be watched is 1.0460; any violation above will take the pair to 1.0520/1.0565/1.0620.
Indicators (4-hour)
Directional movement index –Neutral
CCI (50) – Bearish
It is good to sell on rallies around 1.0468-70 with SL around 1.05250 for a TP of 1.0300.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: USD/CAD recovers slightly but trend is still bearish
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 



