Recommendation: BUY 0…
EUR/USD: bulls can return to Cloud
Technical levels: support – 1.1550, 1.1580; resistance – 1.1620, 1.1640.
- 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.
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…