Sell USD/CAD on recoveries
Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.
EUR/USD: euro returned to Cloud again
Technical levels: support – 1.1400; resistance – 1.1470.
Trade recommendations:
- Buy — 1.1410; SL — 1.1390; TP1 — 1.1470; TP2 – 1.1500.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with horizontal Kijun-sen; the market is returned to the Cloud and supported by Senkou Span A.
Tatyana Norkina
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