EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
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Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
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Ichimoku analysis (1-Hour chart)
Tenken-Sen- 1.17963
Kijun-Sen- 1.17866
EURUSD is trading near its daily lows after the dovish ECB policy. The central bank has kept its rates unchanged as expected. It has allowed inflation to temporarily overshoot and revised its forward guidance on interest rates. The number of people who have filed for jobless benefits surged to 419k for the week ended July 16th compared to a forecast of 350K. The pair hits an intraday low of 1.17708 and is currently trading around 1.17630.
Technical:
On the higher side, near-term resistance is around 1.1835 and any convincing breach above will take to the next level 1.1880/1.19070/1.19655/1.200. The pair's near-term support is at 1.1750, break below targets 1.1700/1.1660.
Indicator (1-hour chart)
CAM indicator-Neutral
Directional movement index – Neutral
It is good to sell on rallies around 1.1820 with SL around 1.1865 for the TP of 1.1700.
