FxWirePro- EURUSD Daily outlook

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FxWirePro :GBP/NZD threatens 38.2% fib after fall below 2.0600 handle

FxWirePro: GBP/NZD maintains bullish bias with focus on 2.0700

FxWirePro- Major pair levels and bias summary

FxWirePro- EURUSD Daily Outlook

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

FxWirePro:EUR/NZD neutral in the near-term, scope for downward resumption

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FxWirePro- Major pair levels and bias summary

FxWirePro- EURUSD Daily Outlook

FxWirePro: EUR/NZD attracts selling interest, could be on verge of a bigger drop

FxWirePro: GBP/AUD gives up some ground but bias is still bullish

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (GBPAUD and GBPJPY) for the day)

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FxWirePro- Top altcoins for the day (Strength index) (QNTUSD)

FxWirePro: GBP/NZD positions for another climb, eyes 2.0600 level

FxWirePro- GBPJPY Daily Outlook

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FxWirePro- EURUSD Daily outlook

Friday, May 20, 2022 8:45 AM UTC

Ichimoku analysis (4-hour chart)

Tenken-Sen- 1.0533

Kijun-Sen- 1.04981

EURUSD gained sharply on board-based US dollar selling. The weak US economic data supports Euro at lower levels. US Philly fed manufacturing index slumped to a 2-year low in May at 2.6 compared to a forecast of 14.90. Existing home sales dropped to 5.61M vs. 5.75M the previous month. The number of people who have filed for unemployment benefits rose to 218000 last week. EURUSD hits an intraday high of 1.05932 and is currently trading around 1.05638.

Technical:

On the higher side, near-term resistance is around 1.0650 and any convincing breach above will drag the pair to the next level of 1.0700/1.0775.

The pair's immediate support is at 1.0550, breaking below targets of 1.0500/1.0460/1.0400.

Indicator (4-hour chart)

Directional movement index – Neutral

CCI- Bullish

It is good to buy on dips around 1.038 with SL around 1.0340 for a TP of 1.0500.

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