EUR/USD: consolidation inside Tenkan-Kijun’s channel

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Technical levels: support – 1.1215; resistance – 1.1300.

Trade recommendations:

  1. Sell — 1.1280; SL — 1.1300; TP1 — 1.1215; TP2 — 1.1180.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market corrected to Kijun’s resistance and keep staying inside a channel Tenkan-Kijun.

01-eurusdh4.png

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