Major support - 1.1200
EURUSD has declined more than 40 pips after ECB President Draghi speech. The European Central Bank (ECB) Draghi said that there is possibility of stimulus through rate cuts or asset purchases if inflation doesn’t reach target. The pair hits intraday low of 1.11880 and is currently trading around 1.11959.
Markets eye US Fed monetary policy meeting on Wednesday for further direction. The pair further declined after release of slight weaker than expected German ZEW economic sentiment data. It came at -20.2 compared to forecast of -3.6.
The near term resistance is around 1.1250-1.1265 (100- day MA) and any violation above will take the pair to next level till 1.1300/1.13450.
On the flip side, near term support is around 1.11750 any convincing break below will drag the pair till 1.1140/1.1100.
It is good to sell on rallies around 1.1235-40 with SL around 1.12700 for the TP of 1.1145.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/AUD bears maintain upper hand
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Woodies pivot (Major)
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



