EUR/USD: euro in correction to Cloud

EUR/USD: euro in correction to Cloud

Technical levels: support – 1.1315; resistance – 1.1390.

Trade recommendations:

  1. Buy — 1.1320; SL — 1.1300; TP1 — 1.1390; TP2 – 1.1430.

Reason: bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the market is in the correction to the Cloud.

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eur

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Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.

AUD/USD: aussie will correct to Tenkan

Bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.

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