EUR/USD with Tatyana Norkina (June 4)
Tatyana Norkina, FBS analyst
It’s difficult for the bulls to break resistance at $1.3650. It showed in yesterday’s trading, during which the pair has barely tested this mark and immediately returned to the Ichimoku Cloud on H1.
Ichimoku indicator. The Golden Cross immediately lost its power and may soon disappear altogether. The Ichimoku Cloud has also narrowed to a minimum that indicates the uncertainty of market participants.
Note that on H1 the underlying trend is still bearish. Therefore, the continuation of the downtrend may be just around the corner.
Technical levels: support - $1.3610, $1.3590; resistance - $1.3630, $1.3650.
1 . Sell - $1.3610; SL - $1.3630; TP1 - $1.3550; TP2 - $1.3505.