Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
EUR/USD: euro supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 1.2370; resistance – 1.2460, 1.2530.
- Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
Reason: bullish Ichimoku Cloud, with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned into channel Tenkan-Kijun and supported by Kijun-sen.
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