EUR/USD: euro supported by Cloud

EUR/USD: euro supported by Cloud

Technical levels: support – 1.1750; resistance – 1.1820.

Trade recommendations:

  1. Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890.

Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen; the prices are supported by the Cloud and may continue to rise.





Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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