Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.06856
Kijun-Sen- 1.06908
EURUSD showed a minor pullback ahead of US CPI data. It hit a high of 1.07068 at the time of writing and is currently trading around 1.07062.
The analyst expects a headline CPI to have risen to 0.1% from 0.30%. The annual inflation to fall 3.3% from the previous month's 3.7%.
Major Economic Data for the day
Nov 14 th 2023, US Core CPI m/m (1:30 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate hike in Nov decreased to 85.70% from 90.2% a week ago.
The US 10-year yield is trading flat ahead of the US CPI. The US 10 and 2-year spread widened to -40% from -16%.
The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any break below 1.0660 confirms further bearishness. A decline to 1.0600/1.0550 is possible. The near-term resistance is around 1.0720 and any breach above targets is 1.0765/1.0835. Bullish invalidation only if it breaks below 1.0440.
Indicator (4-hour chart)
CCI – bullish
Directional movement index – neutral
It is good to sell on rallies around 1.0700-025 with SL around 1.0760 for a TP of 1.0440.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 



