EUR/USD: euro testing Cloud’s support
Technical levels: support – 1.2300; resistance – 1.2380.
Trade recommendations:
- Buy — 1.2310/20; SL — 1.2290; TP1 — 1.2380; TP2 — 1.2420
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with the falling Tenkan-sen; the market had corrected to the Cloud and keep staying on its support.