EUR/USD: consolidation in cloudy area

EUR/USD: consolidation in cloudy area

Technical levels: support – 1.1640, 1.1730; resistance – 1.1770, 1.1820.

Trade recommendations:

  1. Sell — 1.1720; SL — 1.1740; TP1 — 1.1680; TP2 – 1.1640.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and may test the support of Senkou Span B.

01-eurusdh4.png

eur

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