Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/USD: euro started to SSA
2022-04-15 • Updated
Technical levels: support – 1.2230, 1.2270; resistance – 1.2350, 1.2400.
- Buy — 1.2300; SL — 1.2280; TP1 — 1.2400; TP2 — 1.2450
Reason: narrowing bearish Ichimoku Cloud with raising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel; the prices are supported by Senkou Span B and going to upper border of the Ichimoku Cloud.
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This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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