EUR/USD: euro can’t break Cloud’s resistance
Technical levels: support – 1.1590; resistance – 1.1650, 1.1700.
Trade recommendations:
- 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.