Ichimoku analysis (4-Hour chart)
Tenken-Sen- 1.17504
Kijun-Sen- 1.17195
EURUSD is consolidating after a pullback of more than 50 pips from yesterday's low 1.17260. The US dollar recovered slightly ahead of the Jackson Hole symposium. The Fed Chairman is expected not to give any clue about fed tapering as several coronavirus cases surged in the U.S.
The orders for durable goods slipped 0.1% last month compared to a forecast of 0.5% decline. The US 10-year yield surged sharply and holding above 200-day MA. The pair hits an intraday high of 1.17747 and is currently trading around 1.17595. Markets US GDP and ECB policy meeting minutes.
Technical:
On the higher side, near-term resistance is around 1.1800 and any convincing breach above will take to the next level 1.18425/1.1900. The pair's near-term support is at 1.17385, break below targets 1.1700/1.1660/1.1600/1.15285.
Indicator (4-hour chart)
CCI (50)-Bullish
Directional movement index – Bullish
It is good to buy on dips around 1.17425-50 with SL around 1.17000 for the TP of 1.1850.


FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



