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EUR/USD: euro is on strong support

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Technical levels: support – 1.1580; resistance – 1.1670.

Trade recommendations:

  1. Buy — 1.1580; SL — 1.1560; TP1 — 1.1670; TP2 — 1.1730;

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market is oversold and keep staying in a negative area, but there is a strong support on daily time frame.

01-eurusdh4.png

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