Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
EUR/USD is reaching new highs
BUY 1.2500 SL 1.2445 TP1 1.2580 TP2 1.2625 TP3 1.2770
BUY 1.2465 SL 1.2410 TP1 1.2580 TP2 1.2625 TP3 1.2770
On the daily chart of EUR/USD, there’s a sustainable uptrend. The pair is confidently moving towards the convergence area near 1.2770. There are 224% and 161.8% targets of the junior and senior AB=CD.
On H1, EUR/USD bulls will control the situation as long as the euro is above $1.22. Pullbacks to support at 1.25 and 1.2465 may be used for opening long positions.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
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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