EUR/USD: euro going to new 3W-highs

EUR/USD: euro going to new 3W-highs

Technical levels: support – 1.2380; resistance – 1.2440.

Trade recommendations:

  1. Buy — 1.2380; SL — 1.2360; TP1 — 1.2440; TP2 — 1.2470;

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen above the Cloud; the Bulls breaking out the SSB’s resistance and returned to positive zone; expected the a highs.

01-eurusdh4.png

eur

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Check USD/TRY

USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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