EUR/USD: euro in consolidation inside Cloud

EUR/USD: euro in consolidation inside Cloud

Technical levels: support – 1.1620, 1.1590; resistance – 1.1690.

Trade recommendations:

  1. Sell — 1.1690; SL — 1.1710; TP1 — 1.1590; TP2 – 1.1545

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; a local trend is growing but there is a strong resistance of Senkou Span B.

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eur

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How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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