EUR/USD: the Bulls returned euro to positive zone
Technical levels: support – 1.2350; resistance – 1.2400, 1.2440.
Trade recommendations:
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2440; TP2 — 1.2470
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market entered into the positive area breaking out the horizontal SSB’s resistance.