EUR/USD: euro reached new highs
Technical levels: support – 1.2270; resistance – 1.2390.
Trade recommendations:
- Buy — 1.2310/20; SL — 1.2300; TP1 — 1.2390; TP2 — 1.2430
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Cloud, Tenkan-sen and Kijun-sen and a market is ready to go higher.