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EUR/USD: back to Cloud’s support

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Technical levels: support – 1.2340/50; resistance – 1.2440.

Trade recommendations:

  1. Buy — 1.2360; SL — 1.2340; TP1 — 1.2440; TP2 — 1.2470;
  2. Sell — 1.2330; SL — 1.2350; TP1 — 1.2270; TP2 — 1.2240;

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market had returned to Cloud’s support.

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