Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/USD: euro corrected to Kijun-sen
2022-04-15 • Updated
Technical levels: support – 1.2380; resistance – 1.2470, 1.2520.
- Buy — 1.2380; SL — 1.2360; TP1 — 1.2470; TP2 — 1.2520
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to the support of the Kijun-sen.
Last week, EURUSD broke below a significant support level, the gas price retested its October high, and the oil prices managed to correct lower on the bearish signs of more oil supplies coming into the market.
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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