EUR/USD: euro stayed above Tenkan-sen

EUR/USD: euro stayed above Tenkan-sen

Technical levels: support – 1.1250; resistance – 1.1360.

Trade recommendations:

  1. Buy — 1.1250/60; SL — 1.1230; TP1 — 1.1340; TP2 – 1.1360.

Reason: expanding bullish Ichimoku Cloud, but Senkou Span A is horizontal; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen.




EUR/USD: euro updated lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.


Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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