EUR/USD: euro in consolidation

EUR/USD: euro in consolidation

Technical levels: support – 1.1380; resistance – 1.1430.

Trade recommendations:

  1. Buy — 1.1380; SL — 1.1360; TP1 — 1.1430; TP2 – 1.1500.

Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market is in consolidation near the Cloud.

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