FBS: trade recomendation for EUR/USD
Tatyana Norkina, FBS analyst
The pair has found support at 1.3335. Double test of this level and a following bounce looked inspiring for the bulls, who pushed the price up to 1.3400 on Friday.
Ichimoku. The bearish H4 trend is over as the "dead cross" was cancelled. At the same time the prices fail to fix inside of the Cloud for now.
The hourly picture looks a little bit more optimistic: bulls fixed inside of the positive area, above the Cloud. Ichimoku indicator turned bullish. We would view a fix above 1.3400 as a new buying signal.
Technical levels: support – 1.3390, 1.3400; resistance – 1.3450.
1. Buy — 1.3400; SL — 1.3380; TP1 — 1.3450; TP2 — 1.3480.
1. Sell — 1.3380; SL — 1.3400; TP1 — 1.3335.