FBS: trade recomendation for EUR/USD
Tatyana Norkina, FBS analyst
Yesterday's drop below 1.3360 may signal further losses.
Ichimoku. As can be seen from the H4 chart, the pair pulled down from the lower Cloud border, retuerning below all the lines. Tenkan and Kijun formed a dead cross. It is now clear that the bullish pressure on the pair will presist.
H1 Ichimoku has also become bearish, while Tenkan and Kijun formed a dead cross. We see a good chance to go short from the 1.3380/1.3385 area.
Technical levels: support – 1.3335; resistance – 1.3385.
1. Sell — 1.3380; SL — 1.3400; TP1 — 1.3335.