AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY gains some upside momentum but bias still bearish 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
EUR/USD showed a minor pullback on positive market sentiment. It hit an intraday low of 1.04764 and currently trading around 1.04735.
Top European leaders like Ukrainian President Volodymyr Zelenskyy are keenly making diplomatic efforts to put an end to the war in Ukraine. Britain, France, and Ukraine cooperated in working on a peace plan for a ceasefire, maintaining assistance to Kyiv and sanctions against Russia to further Ukraine's negotiating position. British Prime Minister Keir Starmer has confirmed that the UK will work with Europe to develop a peace plan for Ukraine, to be presented to the U.S. Zelenskyy has underlined the necessity of U.S. involvement in peace talks and has shown himself willing to negotiate to achieve a lasting resolution.
Eurozone Core CPI Flash Estimate during February 2025 was 2.6% year-over-year, which dropped modestly from 2.7% in January, showing its continuation of declining from the neutral state of the last five months; the aforementioned core inflation, excluding volatile food and energy prices from the calculation, provides improved view on underlying trends of Eurozone inflation since the rate of overall inflation reached 2.4% but also exceeded the 2.3% that had been expected of it, thus contributing to trouble ECB may face while reducing rates as well as for Eurozone's mood of markets and policies
Technical Analysis of EUR/USD
The pair is holding above the short and below the long-term moving average in the 4-hour chart. Near-term resistance is seen at 1.0500; a break above this may push the pair to targets of 1.0535/1.0575, and 1.0600/1.0660. Major bullish momentum is likely only if prices can break above 1.0660, where levels of 1.0700, 1.0760, and 1.0800 await. On the downside, support is seen at 1.0400 any violation below will drag the pair to 1.0360/1.0300/1.0220.
Market Indicators and Trading Strategy
Commodity Channel Index (CCI)- Neutral
Average Directional Movement Index (ADX) - Neutral. It is good to buy on dips around 1.04500 with a stop-loss at 1.0400 for a target price of 1.0600.
