EUR/USD: euro reached new lows

EUR/USD: euro reached new lows

Technical levels: support – 1.1550, 1.1580; resistance – 1.1620.

Trade recommendations:

  1. Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are formed new local lows, but needs a correction to Tenkan or Kijun.





Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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