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.

01-eurusdh4.png

eur

Similar

USD/CHF can go down

USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.

GBP/USD: pound Cloud’s support

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.

gbp

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...

gbp

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