EUR/USD: bearish Ichimoku signals
Tatyana Norkina, FBS
The pair slipped below the 1.3550 mark. Attempt to recover to 1.3590 in the Asian trade was not really successful. The pair fell below the Ichimoku Cloud on the horly timeframe.
Ichimoku. Hourly Tenkan and Kijun lines formed a dead cross, opening the way for further losses. The Cloud narrowed and is getting prepared to turn bearish.
The H4 trend also remains bearish. Tenkan-sen unexpectedly reversed to the upside today, but the confirmation has not been strong enough. The odds for further decline of the pair remain high.
Technical levels: support – 1.3450, 1.3510, 1.3525; resistance – 1.3550, 1.3565, 1.3590.
1. Sell — 1.3565; SL — 1.3595; TP1 — 1.3510; TP2 — 1.3450 (от 16.06.2014, hold, stop - to the break even level).
2. Sell— 1.3550; SL — 1.3570; TP1 — 1.3510; TP2 — 1.3450 (от 16.06.2014, hold, stop - to the break even level).