EUR/USD: euro reached main resistance

EUR/USD: euro reached main resistance

Technical levels: support – 1.1370; resistance – 1.1470.

Trade recommendations:

  1. 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.

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eur

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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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