Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD: the Bulls got a strength
Technical levels: support – 1.1440; resistance – 1.1600.
Trade recommendations:
- Sell — 1.1570/80; SL — 1.1600; TP1 — 1.1510; TP2 – 1.1440.
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 growing up in positive area now but there is a string daily resistance.
Tatyana Norkina
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