EUR/USD: euro had continue downtrend

EUR/USD: euro had continue downtrend

Technical levels: support – 1.1710, 1.1670; resistance – 1.1760.

Trade recommendations:

  1. Sell — 1.1760; SL — 1.11780; TP1 — 1.1710; TP2 — 1.1670;

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the market made a new lows and will continue existing downtrend.

01-eurusdh4.png

eur

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