EUR/USD: euro needs a correction

Read the article on FBS website

Technical levels: support – 1.0800; resistance – 1.0900.

Trade recommendations:

1. Sell — 1.0860; SL — 1.0880; TP1 — 1.0800.

2. Buy — 1.0800; SL — 1.0780; TP1 — 1.0900; TP2 – 1.0930.

Reason: bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under strong resistance on daily timeframe; the local market is overbought.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.