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.
EUR/USD: euro reached new highs
Technical levels: support – 1.1930, 1.1880; resistance – 1.2080.
- Buy — 1.1930; SL — 1.1910; TP1 — 1.2020; TP2 – 1.2070.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new highs for last three years.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.
Recommendation: BUY 111…
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