FxWirePro: EUR/JPY slips below daily cloud, better-than-expected EU Consumer Confidence indicator fails to impress
FxWirePro: EURUSD recovers slightly higher despite strong U.S jobs data, good to buy on dips
Ichimoku Analysis (4-Hour chart)
EURUSD has declined till 1.18025 after the release of US Non-Farm Payroll. The US economy has added 1763K jobs in Jul compared to an estimate of 1530K and unemployment at 10.2% vs 11.1% previous month. The US 10-year bond yield shown a good recovery of nearly 2% on upbeat US jobs data. The pair hits a high of 1.18453 after the data and is currently trading around 1.18418.
The 4-hour chart shows that the pair is holding above Tenken-Sen and Kijun-Sen. Any break above 1.1850 confirms intraday bullishness, a jump till 1.19200/1.2000 is possible.
On the lower side, strong support is at 1.1800, and the break below will drag the pair down till 1.17750/1.17200/1.1675.
It is good to buy on dips around 1.18000 with SL around 1.1760 for the TP of 1.19200.