EUR / USD: Bulls are active
Tatiana Norkina, an analyst at FBS
Holding the pair above 1.1300 support allowed to enter the game to new byers, who forced prices to rise to a four hour Ichimoku cloud last week. Trades are conducted above the 14th figure at the bottom of the cloud. In this case, the Tenkan and Kijun lines crossed to form a golden cross, supporting the intentions of the bulls.
You have to pay attention on Senkou Span and B lines, which narrowed the range of the cloud. In the near future the main trend may be changed to ascending.
In these circumstances, we would recommend to be on the consumers side.
Technical levels: support - 1.1380 / 90; resistance - 1.1460.
- Buy - 1.1400; SL - 1.1380; TP1 - 1.1460; TP2 - 1.1530.