FBS: trade recomendation for EUR/USD
Tatyana Norkina, FBS analyst
Fix above 1.3110/1.3120 alowed the bulls to correct a little bit higher. However, they faced resistance at 1.3160 and were forced to resume the downside.
Ichimoku. This can be easily seen from both timeframes. On the H4 - horizontal Kijun-sen, on the H1 - upper border of the Cloud. At the same time the market couldn't test the hourly Senkou Span B - this reflects buyers' weakness. Break below the 1.3140 support could provoke a new wave of sales with a target of 1.3080.
Technical levels: support – 1.3080, 1.3120; resistance –1.3160.
1. Sell — 1.3140; SL — 1.3160; TP1 — 1.3080.