EUR/USD: euro needs a correction

EUR/USD: euro needs a correction

Technical levels: support – 1.0800; resistance – 1.0900.

Trade recommendations:

1. Sell — 1.0860; SL — 1.0880; TP1 — 1.0800.

2. Buy — 1.0800; SL — 1.0780; TP1 — 1.0900; TP2 – 1.0930.

Reason: bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under strong resistance on daily timeframe; the local market is overbought.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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