EUR/USD: the Bulls’s strength is growing

EUR/USD: the Bulls’s strength is growing

Technical levels: support – 1.2380; resistance – 1.2450.

Trade recommendations:

  1. Buy — 1.2380; SL — 1.2360; TP1 — 1.2480; TP2 — 1.2520

Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrowing channel Tenkan-Kijun; the prices returned to the positive area and may continue uptrend.




Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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