EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
EUR/USD: euro entered into Cloud
Technical levels: support – 1.0820; resistance – 1.0940, 1.0980.
Trade recommendations:
- Buy — 1.0820; SL — 1.0800; TP1 — 1.0940; TP2 – 1.0980.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen; the prices are entered into the cloudy area and would be supported by Senkou Span B.
Tatyana Norkina
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