EUR/USD: euro corrected to Cloud

EUR/USD: euro corrected to Cloud

2019-11-11 • Updated

Technical levels: support – 1.1600; resistance – 1.1700.

Trade recommendations:

  1. Buy — 1.1600; SL — 1.1580; TP1 — 1.1700; TP2 – 1.1730.

Reason: expanding bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market tested the 3W-highs and returned to the Cloud.

01-eurusdh4.png

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