- EUR/USD has declined sharply till 1.18385 yesterday after better than expected US CPI data. The pair recovered sharply from that till 1.19558 at the time of writing. It has formed a temporary bottom around 1.18230 low made on Aug 31st 2017. It is currently trading around 1.19479.
- Market eyes US retail sales data today for further direction. Retail sales are expected to show a house hold spending increasing a marginal 0.1% in Aug following a 0.6% expansion in month of Jul. This will further decrease the chance of Rate hike by Fed in this year.
- The pair has broken trend line resistance at 19400 (trend line joining 1.2092 and 1.1994) and a minor jump till 1.2000/1.2045 likely. Any bullishness can be seen only above that level. Break above targets 1.2040/1.2090.
- On the lower side, near term intraday support is around 1.1850 (trend line joining 1.13400 and 1.13705) and any break below will drag the pair down till 1.18230 (Aug 31st 2017 low)/1.1800.
- The major resistance is around 1.2100 and any break above confirms bullish continuation, a jump till 1.2200.
It is good to sell on rallies around 1.19350-400 with SL around 1.1860 for the TP of 1.2000/1.2090.


Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 



