Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
EUR/USD: euro going to 4W-lows
Technical levels: support – 1.1060; resistance – 1.1140.
- Sell — 1.1130; SL — 1.1150; TP1 — 1.1080; TP2 – 1.1060
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; the cancelled dead cross of Tenkan-sen and Kijun-sen, but falling Kijun-sen; the prices are on the 4W-lows.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…