EUR/USD: euro in correction to Cloud

EUR/USD: euro in correction to Cloud

Technical levels: support – 1.1830; resistance – 1.1960.

Trade recommendations:

  1. Buy — 1.1850/60; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1960

Reason: bullish Ichimoku Cloud, but with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices in a correctional movement, but will return to Tenkan and Kijun soon.

01-eurusdh4.png

eur

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USD/JPY: Dollar entered into Cloud

Bearish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are entered into cloudy area and may continue growing up.

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Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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