Recommendation: SELL 0…
EUR/USD: euro in correction to Cloud
Technical levels: support – 1.1830; resistance – 1.1960.
- 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.
Recommendation: SELL 1…
Expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.