EUR/USD: bulls can return to Cloud

EUR/USD: bulls can return to Cloud

Technical levels: support – 1.1550, 1.1580; resistance – 1.1620, 1.1640.

Trade recommendations:

  1. Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fixed inside a channel of Tenkan-Kijun and may go to the bottom border of a Cloud.

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