EUR/USD: euro entered into Cloud

EUR/USD: euro entered into Cloud

2019-11-11 • Updated

Technical levels: support – 1.0820; resistance – 1.0940, 1.0980.

Trade recommendations:

  1. 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.

01-eurusdh4.png

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