EUR / USD: Bulls stopped the falling
Tatiana Norkina, FBS analyst
Bulls managed to break through the resistance of 1.2490 during Friday trade, which opened the way for growth up to the upper border of the four-hour Ichimoku cloud. Active steps are currently taking place in the area of the cloud and with the support of Tenkan and Kijun the pair can jump to 1.2600 / 20 support area.
The oscillators turned to the top: MACD histogram is growing and RSI is situated closely to the upper border of the range.
Therefore if prices are fixed above 1.2490, we are on the side of the buyers.
Technical levels: Support - 1.2490; resistance - 1.2600.
1. Buy - 1.2490; SL - 1.2470; TP1 - 1.2600; TP2 - 1.2620.