EUR/USD: euro falling to negative zone

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Technical levels: support – 1.1620, 1.1590.; resistance – 1.1700.

Trade recommendations:

  1. Sell — 1.1650; SL — 1.1670; TP1 — 1.1590; TP2 – 1.1540.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun; the prices are returned to negative area and may continue existing daily downtrend.

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