EUR/USD: euro is supported by Cloud

EUR/USD: euro is supported by Cloud

Technical levels: support – 1.1950, 1.1900; resistance – 1.2030, 1.2075.

Trade recommendations:

  1. Buy — 1.1980/90; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the support of the Cloud.

01-eurusdh4.png

eur

Similar

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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