Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.0555
Kijun-Sen- 1.05622
EURUSD formed a double bottom around 1.0470 and recovered more than 100 pips. The hopes of a rate hike by the ECB in Jul support the Euro at lower levels. She said the Asset purchasing program to get over in the third quarter. The 10-year yield pared most of its gains made the previous week. Markets eye US CPI data for further direction. EURUSD hits an intraday low of 1.05451 and is currently trading around 1.05501.
Technical:
On the higher side, near-term resistance is around 1.0600 and any convincing breach above will drag the pair to the next level of 1.650/1.0700.
The pair's immediate support is at 1.0460, breaking below targets of 1.0400/1.0300.
Indicator (4-hour chart)
Directional movement index – Neutral
It is good to sell on rallies around 1.060 with SL around 1.0650 for a TP of 1.0400.


FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 



