Recommendation: BUY 0…
EUR/USD: euro looking for support on 1.2300
Technical levels: support – 1.2300; resistance – 1.2360, 1.2400.
- Buy — 1.2330; SL — 1.2310; TP1 — 1.2440; TP2 — 1.2470;
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market had returned into the cloudy area and looking for the support to continue uptrend.
Recommendation: SELL 1…
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had bounced from the 2Y-highs and going to correction.