Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
EUR/USD: euro will test Senkou Span B
Technical levels: support – 1.1660; resistance – 1.1725.
- Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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