Bullish AB=CD Pattern
Potential Reversal Zone (PRZ)- 1.1095
EURUSD trades lower for past three consecutive day and lost more than 100 pips on account of broad based US dollar buying and weak German IFO data. German IFO came at 99.2 compared to forecast of 99.70. The pair hits intraday low of 1.11348 an is currently trading around 1.11500. Markets eye US durable goods order fir further direction.
The yield spread between US and German 10 year has widened sharply from 241 basis point to 259 basis point and 2 year yield spread widened nearly 30 basis point in past 4 weeks.
On the lower side, near term support is around 1.1130 and any violation below will drag the pair to next level till 1.1100/1.1090.
The major resistance is around 1.11800 (support turned into resistance) and any break above will take the pair to next level till 1.1200/1.1230.
It is good to buy on dips around 1.1100 with SL around 1.0700 for the TP of 1.1230.


FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Pair levels and bias summary
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



