EUR/USD: euro falling into the Cloud

EUR/USD: euro falling into the Cloud

Technical levels: support – 1.1110, 1.1050; resistance – 1.1190, 1.1210.

Trade recommendations:

  1. Buy — 1.1110/00; SL — 1.1080; TP1 — 1.1190; TP2 – 1.1210.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the prices are on the strong support in the Cloud.

01-eurusdh4.png

eur

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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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