FxWirePro- Major European Indices 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
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/JPY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/NZD remains bullish as rally continues 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro- Woodies Pivot(Major) 
The currency pair declined sharply on board-based US dollar selling. It hits an intraday low of 0.87583 and is currently trading around 0.87717. The intraday bias appears to be bearish as long as the resistance 0.9000 holds.
Technical Analysis and Resistance Levels
The pair is trading below the 34-EMA and 55-EMA on the 4-hour chart indicating a bearish trend. The immediate resistance is at 0.8820 any break above targets 0.8850/0.8890/0.8940/0.9000/0.9035/0.9070/0.9100/0.9150/0.9200/0.92250/0.9275/0.9300.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8720, any violation below will drag the pair to 0.8660/0.8600.
Bullish Indicators
CCI (50) - Bearish
Directional movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.881-20 with a stop-loss at 0.8850 for a TP of 0.8720.
