EUR/USD: euro may return to Cloud

EUR/USD: euro may return to Cloud

2019-11-11 • Updated

Technical levels: support – 1.0660, 1.0635; resistance – 1.0710.

Trade recommendations:

1. Buy — 1.0670; SL — 1.0650; TP1 — 1.0710; TP2 – 1.0770.

Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen and narrow channel of Tenkan-Kijun; the prices are under the Cloud and negative area, but there is a strong support on 1.0650/60.

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