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.

01-eurusdh4.png

eur

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NZD/USD: bears are hunting a crab

On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD.

nzd
GBP/USD: pound going lower

Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market breaking down the main daily supports and will continue the downtrend.

gbp

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