Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.06958
Kijun-Sen- 1.06920
EURUSD trades flat ahead of Fed monetary policy. It hit a high of 1.07179 yesterday and is currently trading around 1.06909.
US Fed expected to keep rates unchanged at current levels. Any dovish comments from Fed Markets will push Euro higher.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 99% from 92% a week ago.
The US 10-year yield jumped more than 3.5% ahead of Fed monetary policy. The US 10 and 2-year spread widened to -72.70% from -57%.
The pair trades below short-term 21 EMA, below 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any break below 1.0630 confirms further bearishness. A decline to 1.0600/1.0500 is possible. The near-term resistance is around 1.0760, any breach above targets is 1.0800/1.0880.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bullish
It is good to sell on rallies around 1.0708-10 with SL around 1.0765 for a TP of 1.0600.


FxWirePro-Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary 



