EUR/USD: on support of Tenkan and Kijun

EUR/USD: on support of Tenkan and Kijun

Technical levels: support – 1.1250; resistance – 1.1360.

Trade recommendations:

  1. Buy — 1.1250/60; SL — 1.1230; TP1 — 1.1340; TP2 – 1.1360.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen and Kijun-sen.

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