EUR/USD: bearish trend conrinues
Tatiana Norkina, FBS analyst
During yesterday's trading session, the currency pair rate again fell under all lines of the four-hour indicator, returning to the recent lows of 1.1750. This could mean soon resumption of the downtrend since the Tenkan and Kijun lines have started formation of a dead cross. Let us also pay attention to the cloud's expansion downwards.
At the same time, oscillators keep forming divergence with the price chart, although MACD signal line hints a good opportunity for new sales of the currency pair.
Technical levels: support – 1.1750; resistance – 1.1800, 1.1850.
1. Sell — 1.1800; SL — 1.1830; TP1 — 1.1750; TP2 — 1.1725.