The trend in the scenario above is clearly bearish. We have also had a recent break of structure at the marked horizontal arrows, which means we can expect price to react from the supply zone that broke the structure.
EUR/USD: euro testing SSB’s support
2019-11-11 • Updated
Technical levels: support – 1.0660, 1.0635; resistance – 1.0720.
1. Buy — 1.0780; SL — 1.0760; TP1 — 1.0880; TP2 – 1.0930.
Reason: narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and on the support of SSB.
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