EURUSD is trading in narrow range and is facing strong resistance to break above 1.1600. US economic data released yesterday came at sightly lesser than expected . US retail sales came at 0.1% compared to forecast of 0.6%.But Italy’s budget problem and Merkel Christian Social Union conservative allies has lost their majority in crushing vote in the Bavarian state is preventing Euro from further upside. Markets eye German ZEW economic sentiment data for further direction.
On the higher side, near term strong resistance is around 1.1620 (20- day MA) and any break above targets 1.1660/1.1720.The pair should break above 1.1800 for further bullishness continuation.
The near term minor support is around 1.1500 and any violation below targets 1.1460/1.1430. Any convincing break below 1.1430 confirms major bearishness.
It is good to buy above 1.1600 with SL 1.1570 for the TP of 1.1700


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: AUD/USD cedes early gains ,outlook bearish
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



