EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
EUR/USD: euro in negative mood again
Technical levels: support – 1.1545; resistance – 1.1590.
- Sell — 1.1590; SL — 1.1610; TP1 — 1.1545; TP2 – 1.1510
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market went into the negative zone, but its oversold now.
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support.
EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.
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