Major resistance- 1.3100 (high made on Feb 14th 2019)
Major support -1.12340 (low made on Feb 15th 2019)
EURUSD has shown a good recovery of more than 70 pips after forming a minor bottom around 1.12340. The pair jumped till 1.13064 and has closed around 1.12909.
Major economic data released in previous week are
US retail sales- Weak
US CPI Slightly positive
German GDP Flat
Economic data next week
FOMC meeting minutes (Feb 20th 2019)
US durable goods order (Feb 21st 2019)
ECB Draghi speech (Feb 22nd 2019)
On the higher side, pair has formed almost a double top around 1.13100 and any violation above targets 1.3416 (Feb 13th high)/1.13767 (50% fib)/1.1397-1.1400 (300- 8H EMA and 200- 8H MA).
The near minor support is around 1.12570 and any break below will drag the pair to next level till 1.12340/1.12150. Any violation below 1.1215 confirms bearish continuation.
It is good to buy above 1.13100 with SL around 1.12570 for the TP of 1.1400.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: AUD/USD gains some ground but outlook is bearish
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 



