EUR/USD: euro returned into Cloud again
Technical levels: support – 1.2260; resistance – 1.2350.
Trade recommendations:
- Sell — 1.2300; SL — 1.2320; TP1 — 1.2200; TP2 — 1.2160
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2450; TP2 — 1.2480
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 returned into the Cloud and supported by Cenkou Span A.