EUR/USD: euro tested Tenkan’s resistance

EUR/USD: euro tested Tenkan’s resistance

Technical levels: support – 1.1730; resistance – 1.1770.

Trade recommendations:

  1. Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680

Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend.

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eur

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Levels to trade EUR/USD

EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.

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