FBS Markets Inc.

EUR/USD: euro will return to Cloud

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Technical levels: support – 1.1980; resistance – 1.2060.

Trade recommendations:

  1. Buy — 1.1980; SL — 1.1960; TP1 — 1.2060; TP2 – 1.2100.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-se, but narrowing channel of Tenkan-Kijun; the market breakdown the support of Kijun and will test the Cloud’s support.

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