EURUSD pared some of its gains on surging US bond yields. The US 10-year yield breaks the previous week's high and hits a fresh 14-year high on hawkish Fed comments. The US 10 and 2-year spread narrowed to -44 basis points from -57 bpbs.
The number of people who have filed for unemployment benefits in the week ending Oct 15 dropped to 214K compared to a forecast of 229k. US Philly fed manufacturing index declined to -8.7 in Oct vs. the -5 estimate.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov dropped to 96.5% from 97.20% a week ago.
Technical:
On the higher side, near-term resistance is around 0.9860 and any convincing breach above will drag the pair to the next level of 0.9920/0.9965/1.00500/1.0200.
The pair's immediate support is at 0.9750, breaking below targets of 0.9700/0.9630/0.9600.
Indicator (4-hour chart)
Directional movement index – Bearish
It is good to sell on rallies around 0.9808-10 with SL around 0.9880 for a TP of 0.95360.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 



