EURUSD has shown a good recovery of more than 50 pips from low of 1.12753 made at the time of writing. The slight jump was mainly due to reports shows that ECB will not rush to cut rates in the Jul policy meeting. The pair jumps above 1.1300 on short covering. Yesterday US ISM manufacturing PMI came at 51.7 lowest level since 2016 compared to a forecast of 52. It hits an intraday high of 1.13220 and is currently trading around 1.13010.
US 10 year yield is trading flat and any major move only above 2.074% (20-day MA). The spread between US and German yield spread has widened from 226 basis point to 238 basis point.
On the flip side, near term support is around 1.1260 (100- day MA) and a dip till 1.12249/1.1200. Any major weakness only below 1.11800.
The near term major resistance is around 1.1355-60 and any convincing break above will take the pair to next level till 1.1420/1.1445.
It is good to sell on rallies around 1.1345-50 with SL around 1.1385 for the TP of 1.12249.


FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



