EUR/USD: euro entered into Cloud

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Technical levels: support – 1.2260; resistance – 1.2310, 1.2380.

Trade recommendations:

  1. Buy — 1.2260; SL — 1.2240; TP1 — 1.2310; TP2 — 1.2380

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market testing the Cloud’s resistance.

01-eurusdh4.png

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