EUR/USD: euro can’t break Cloud’s resistance

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Technical levels: support – 1.1590; resistance – 1.1650, 1.1700.

Trade recommendations:

  1. Sell — 1.1640/50; SL — 1.1670; TP1 — 1.1590; TP2 – 1.1540.

Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are below the bottom border of the Cloud; may continue daily downtrend.

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