EUR/USD: bullish pressure persists
Tatyana Norkina, FBS analyst
On Tuesday the buyers have once again managed to enter the space between the Tenkan and Kijun lines and the Ichimoku Cloud. The pair has fixed above the lines and approached the lower border of the Cloud. In the near term we expect a break above Senkou Span A to follow: pay attention to the Gplden cross.
Break into the Cloud would open teh way for a push higher, towards the 1.2600 figure. Otherwide the downside will resume.
Oscillators are giving out positive signals. MACD approaches zero, while RSI is also headed to the upside.
Technical levels: support – 1.2450; resistance – 1.2490.
1. Buy — 1.2460; SL — 1.2430; TP1 — 1.2520; TP2 — 1.2600.