EUR/USD: euro goes to new lows

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Technical levels: support – 1.1820, 1.1760; resistance – 1.1880.

Trade recommendations:

  1. Sell — 1.1880; SL — 1.1900; TP1 — 1.1820; TP2 — 1.1760;

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market has broken through the SSA’s and Kijun’s supports and made new lows of the year.

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