Ichimoku analysis (1-Hour chart)
Tenken-Sen- 1.21202
Kijun-Sen- 1.21050
EURUSD has regained slightly after weak US retail sales. It came unchanged at 0.0% in Apr compared to a huge jump of 10.7% the previous month. The core retail sales dropped to -0.8% vs an estimate of -0.5%. The US 10-year bond yield declined more than 4.5% from yesterday's high of 1.705%. The University of Michigan consumer sentiment for Apr came at 82.8 much lower than the forecast of 90. DXY is trading lower. Any weakness only below 90 levels.
Technical:
On the higher side, near-term resistance is around 1.2150, and any breach above will take the pair to next level 1.2180/1.2260/1.2300. The pair's near-term support is around 1.2070 (daily low), violation below that level targets 1.2045 (100- day MA)/1.1980. The pair is holding above 100-day MA and trend reversal can happen if it closes below that level.
Indicator (Hourly chart)
CAM indicator –Bullish
Directional movement index –Bullish
It is good to buy on dips around 1.2100 with SL around 1.2050 for the TP of 1.2260.


FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro-Major European Indices
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/USD advances on steady UK GDP growth 



