EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
EUR/USD: euro comes near main support
Technical levels: support – 1.1820; resistance – 1.1890, 1.1900.
- Sell — 1.1890; SL — 1.1910; TP1 — 1.1820; TP2 — 1.1800;
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with a wide channel Tenkan-Kijun; the prices going to new lows of 2018 and approaching to main daily resistance.
EUR/USD is supported around 1.1750. However, the pair has already fallen below the summer support line. We’ll view buy trades only when the pair returns above 1.1800.
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