EUR/USD: euro falling to negative zone
Technical levels: support – 1.1620, 1.1590.; resistance – 1.1700.
Trade recommendations:
- Sell — 1.1650; SL — 1.1670; TP1 — 1.1590; TP2 – 1.1540.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun; the prices are returned to negative area and may continue existing daily downtrend.