EUR/USD: trading on Ichimoku (June 2)
Tatyana Norkina, FBS analyst
The single currency recovered some ground versus the greenback. Despite setting the new lows, bulls hold the market under control, pushing the price to the 1.3650 resistance.
Ichimoku indicator. The current sideways trade may result in a full-cource bullish recovery. H4 Tenkan and Kijun lines are ready to turn the dead cross into the golden one. What's more, buyers are planning to fix here for long: the Cloud turned to bullish. The odds of breaking above the 1.3650 resistance are high.
Technical levels: support – 1.3627, 1.3610; resistance – 1.3650, 1.3670.
1. Buy — 1.3630; SL — 1.3610; TP1 — 1.3650; TP2 — 1.3670.