EUR/USD: euro in correction to SSB

EUR/USD: euro in correction to SSB

Technical levels: support – 1.1620; resistance – 1.1750.

Trade recommendations:

  1. Sell — 1.1750; SL — 1.1770; TP1 — 1.1700; TP2 — 1.1620;

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are inside a Cloud and may test its upper bounds.

01-eurusdh4.png

eur

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On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.

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USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

jpy

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