EUR/USD: euro bounced from Senkou Span B
Technical levels: support – 1.1150; resistance – 1.1200.
Trade recommendations:
- Sell — 1.1180/90; SL — 1.1210; TP1 — 1.1150; TP2 – 1.1110.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market bounced from the top border of the Cloud and Bears may continue selling.