• EUR/AUD initially dipped but recovered ground as investors absorbed the European Central Bank's interest rate cut decision
• The European Central Bank cut interest rates as expected on Thursday and confirmed that euro zone inflation is becoming more controlled, despite global trade concerns, causing the euro to dip slightly.
• The U.S. central bank kept rates unchanged on Wednesday, as expected, with Fed Chair Jerome Powell stating there was no urgency to cut rates further.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 58 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6773 (Higher BB), any close above will push the pair towards 1.6825 (23.6% fib).
• Strong support is seen at 1.6673(38.2% fib) and break below could take the pair towards 1.6538(50% fib )
Recommendation: Good to buy around 1.6700 with stop loss of 1.6600 and target price of 1.6800


JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro- Woodies pivot (Major)
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 



