EUR/USD: bears in game

EUR/USD: bears in game

Technical levels: support – 1.1800, 1.1725; resistance – 1.1875.

Trade recommendations:

  1. Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1875.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered into the negative area, but there is a strong support on 1.1800 and the market is oversold.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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