EUR/USD: 1.1300 support withstood
Tatiana Norkina, FBS analyst
Support level formed around the 1.1300 figure has yet withstood under the bears' pressure, allowing the bulls to get into the game. As a result, resistance of the four-hour Ichimoku cloud lower border was broken and trades continued in the cloud area. The local high for the past two weeks was established just above the 15th figure that contains a strong resistanceas well.
Oscillators have changed for the positive: the MACD histogram has risen above zero, RSI has grown as well, approaching the upper limit of the range.
We should obviously expect consolidation within the cloud in the near future, with repeated testing of Senkou Span B level.
Technical levels: support – 1.14300; resistance – 1.1520.
1. Buy — 1.1410; SL — 1.1390; TP1 — 1.1500; TP2 — 1.1520