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EUR/USD: euro goes to August’s lows

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Technical levels: support – 1.1350, 1.1300; resistance – 1.1410.

Trade recommendations:

  1. Sell — 1.1410; SL — 1.1430; TP1 — 1.1350; TP2 — 1.1300.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market made new lows and after consolidation may continue downtrend with targets on 1.1300.

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