EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
GBP/USD: pound may go higher
Technical levels: support – 1.3320; resistance – 1.3400.
Trade recommendations:
- Buy — 1.3340; SL — 1.3320; TP1 — 1.3400; TP2 — 1.3480.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the market corrected into the channel of Tenkan-Kijun and will supported by Kijun-sen.
Tatyana Norkina
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GBP/USD: pound is overbought
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
EUR/USD: euro is on July’s highs
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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