FBS: trade recommendation for EUR/USD
Tatyana Norkina, FBS analyst
The pair found support around the 1.2900 figure after hitting a new low of 1.2860.
Ichimoku. However, the bearish sentiment dominates the market. The current recovery is corrective: the H1 Ichimoku Cloud remains strongly bearish. At the samwe time there is a golden cross. The H4 picture is clearly bearish. The dead cross operates together with a negative Cloud. In the nearest future we expect the downside to resume.
Technical levels: support – 1.2920, 1.2890, 1.2830; resistance –1.2960, 1.3000, 1.3030.
Sell — 1.2960; SL — 1.2980; TP1 — 1.2890; TP2 — 1.2830.