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EUR/USD: inside Cloud

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Technical levels: support – 1.1590, 1.1525; resistance – 1.1680.

Trade recommendations:

  1. Sell — 1.1580; SL — 1.1600; TP1 — 1.1525.
  2. Buy — 1.1530; SL — 1.1510; TP1 — 1.1590; TP2 – 1.1680.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan; the market entered into the cloudy area and will correct to SSB’s support..

01-eurusdh4.png

 

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