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: inside Cloud
2019-11-11 • Updated
Technical levels: support – 1.1590, 1.1525; resistance – 1.1680.
- Sell — 1.1580; SL — 1.1600; TP1 — 1.1525.
- Buy — 1.1530; SL — 1.1510; TP1 — 1.1590; TP2 – 1.1680.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan; the market entered into the cloudy area and will correct to SSB’s support..
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