EUR/USD: euro is oversold
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Technical levels: support – 1.2180, 1.2125; resistance – 1.2260.
Trade recommendations:
- Sell — 1.2260; SL — 1.2280; TP1 — 1.2180; TP2 — 1.2125;
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the prices are on new local lows, but the market is ovesold.
