Major trend reversal level- 1.12860
EURUSD was trading lower yesterday after the release of US CPI data. The US inflation data came slightly better than expected with Core CPI m/m came at 0.3% compared to forecast 0.2%. The pair hits low of 1.11700 and is currently trading around 1.11805.
Market sentiment has shown good recovery after the US Trade representative has delayed new tariffs and Trump said that US trade talks with China ‘'very productive". The Safe-haven assets like yen, gold and the US dollar declined slightly after trade talks optimism.
On the flip side, near term support is around 1.11600 and any break below will drag the pair to the next level till 1.1100/1.10250.
The intraday trend is still weak as long as resistance 1.12860 holds and any break above targets 1.132/1.1355 level.
It is good to sell on rallies around 1.1208-10 with SL around 1.1250 for the TP of 1.1100.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Woodies pivot (Major)
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



