EUR/USD: on support of Cloud

EUR/USD: on support of Cloud

Technical levels: support – 1.2425; resistance – 1.2530.

Trade recommendations:

  1. Buy — 1.2450/60; SL — 1.2430; TP1 — 1.2530; TP2 — 1.2590

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is supported by Cloud again and may continue an uptrend.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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