Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD: euro in positive mood
Technical levels: support – 1.1300; resistance – 1.1480.
Trade recommendations:
- Sell — 1.1480; SL — 1.1500; TP1 — 1.1390; TP2 — 1.1350.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in positive area, but overbought and under the main daily resistance.
Tatyana Norkina
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