FBS: trade recommendation for EUR/USD
The currency pair continued falling on Friday and again updated the lows, which are now at 1.2680.
Ichimoku indicator. The bearish sentiment on H4 is increasing again – all the lines of the Indicator have resumed falling. In addition, the Dead Cross remains active, while the Cloud is descending.
On H4 the indicator also supports the sellers. After a brief consolidation under the Cloud, the bears knocked the 1.2735 support formed by the Indicator lines. Later the $1.2700 handle fell.
Obviously, under such conditions, the market decline in the near future will continue.
Technical levels: support - $1.2650, $1.2600; resistance - $1.2715, $1.2735.
1. Sell - $1.2700; SL - $1.2720; TP1 - $1.2650; TP2 - $1.2600.