EUR/USD: euro on main support

EUR/USD: euro on main support

Technical levels: support – 1.1725; resistance – 1.1800, 1.1875.

Trade recommendations:

  1. Buy — 1.1725; SL — 1.1700; TP1 — 1.1800; TP2 – 1.1825.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the market is oversold and the prices on the main daily support of the Cloud.

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USD/JPY: dollar will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.

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