EUR/USD: euro supported by Kijun-sen

EUR/USD: euro supported by Kijun-sen

Technical levels: support – 1.2370; resistance – 1.2460, 1.2530.

Trade recommendations:

  1. 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.




USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

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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