The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...
EUR/USD: euro may enter into Cloud
2019-11-11 • Updated
Technical levels: support – 1.1780; resistance – 1.1820.
- Buy — 1.1830; SL — 1.1810; TP1 — 1.1900; TP2 – 1.1930.
- Sell — 1.1800; SL — 1.1820; TP1 — 1.1710; TP2 – 1.1650.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market supported by the Cloud, but the correction may continue to Senkou Span B
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