EUR/USD: euro ready to going lower

EUR/USD: euro ready to going lower

Technical levels: support – 1.1730; resistance – 1.1770.

Trade recommendations:

  1. Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680

Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend.





EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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