EUR/USD: euro may go higher

EUR/USD: euro may go higher

Technical levels: support – 1.1780; resistance – 1.1870.

Trade recommendations:

  1. Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920.

Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend.




EUR/USD: euro returned to positive area

Narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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