FxWirePro: AUD/CAD struggles to extend previous session's gains, retrace below 5-DMA to see more weakness
FxWirePro: EURUSD trades higher despite strong US consumer confidence, good to buy on dips
Ichimoku Analysis (4-hour chart)
EURUSD is holding above 1.17200 despite better than expected US Conference broad Consumer confidence. It came at 101.80 for the month of Sep compared to a forecast of 90. The pair jumped till 1.17419 and is currently trading around 1.17263.
The 1-hour chart shows that the pair is trading well above 100 and 200 MA, any break above 1.1750 targets 1.1800/1.18250.
On the lower side, strong support is at 1.1690, and the break below will take the pair to the next level till 1.1660/1.1600.
It is good to buy on dips around 1.1712-140 with SL around 1.1680 for the TP of 1.18250.