Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
EUR/USD: consolidation inside Tenkan-Kijun’s channel
2019-11-11 • Updated
Technical levels: support – 1.1215; resistance – 1.1300.
- Sell — 1.1280; SL — 1.1300; TP1 — 1.1215; TP2 — 1.1180.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market corrected to Kijun’s resistance and keep staying inside a channel Tenkan-Kijun.
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