Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.10536
Kijun-Sen- 1.11247
EURUSD trades weak ahead of US Fed monetary policy. US Fed plans to hike rates by 25 bpbs and markets eye Powell's guidance for further direction. It hits an intraday low of 1.10204 and is currently trading around 1.10686.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July increased to 98.90% from 98% a week ago.
The US 10-year yield trades flat ahead of US-fed monetary policy. The US 10 and 2-year spread narrowed to -99.20% from -110%.
The pair trades below short-term 21 EMA, 55 EMA, and above long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.1020 confirms intraday bearishness; a decline to 1.1000/1.0950 is possible. The near-term resistance is around 1.1110. The breach above targets 1.1150/1.1200/1.1275.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.1100 with SL around 1.1150 for a TP of 1.1000.


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro:USD/JPY hovers near a four-decade low
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



