- EUR/USD is trading weak during European session and declined almost more than 50 pips on account of rising US 10 –year bond yields. The weak of Eurozone also supporting dollar price rise. The yield difference between US 10 year bond and German yields is above 230 basis point highest level since late Dec 2016.The pair declined till 1.2290 and is currently trading around 1.23075.
- US 10 year bond yield breaks 2.9% on positive economic data. US initial jobless claim fell 1000 to 232K (est 230k) lowest level in 3- weeks. The Philadelphia Fed Index came in at 23.2 for Mar compared to forecast of 20.5.
- The pair is facing minor near term support is around 1.2260 and any break below will drag the pair down till 1.2200/1.2165. Overall bearish continuation below 1.2165.
- On the higher side, near term resistance is around 1.2400 and any convincing break above will take the pair to next level till 1.24450 (Mar 7th 2018 high)/1.2470.Major bullishness only above 1.2550.
It is good to sell on rallies around 1.2335-40 with SL around 1.2380 for the TP of 1.2260/1.2200.


FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher, outlook bearish
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 



