EUR/USD: the Bulls entered into positive area

EUR/USD: the Bulls entered into positive area

2019-11-11 • Updated

Technical levels: support – 1.2380, 1.2350; resistance – 1.2450, 1.2480.

Trade recommendations:

  1. Sell — 1.2450; SL — 1.2480; TP1 — 1.2380; TP2 — 1.2350

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are in the positive area, but there is a strong resistance on 1.2450.

01-eurusdh4.png

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