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.
EUR/USD: euro reached main resistance
Technical levels: support – 1.1370; resistance – 1.1470.
- Sell — 1.1420; SL — 1.1440; TP1 — 1.1370; TP2 – 1.1300.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market testing the strong resistance of 2016.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are made a new lows, but there is a strong support on 0.7480.
Recommendation: BUY 0…
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