EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
EUR/USD: euro returned under Cloud
Technical levels: support – 1.1545; resistance – 1.1700.
- Sell — 1.1660; SL — 1.1680; TP1 — 1.1590; TP2 – 1.1545.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to negative area again.
EUR/USD is supported around 1.1750. However, the pair has already fallen below the summer support line. We’ll view buy trades only when the pair returns above 1.1800.
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