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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GBP/USD: pound on new lows

Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.

gbp

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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