EUR/USD: assault of 1.15 is postponed
Tatiana Norkina, FBS analyst
Currency pair managed to return to the four-hour zone of Ichimoku cloud within the past 2 days. We’d remind that currency rate of the pair is situated within the cloud from the end of last week. However, the proximity of powerful resistance in Senkou Span B spooked the new customers. Thus, today we observe a downward trend of the market again. Support is located just below the 14th figure, which is formed by the Tenkan and Kijun lines. Note that the last one canceled golden cross’s action.
Therefore, considering the reduction and oscillators, we can assume that the bearish pressure will continue.
Technical levels: support - 1.1380 / 90; resistance - 1.1460.
1. Buy - 1.1400; SL - 1.1380; TP1 - 1.1460; TP2 - 1.1530;
2. Sell - 1.1370; SL - 1.1390; TP1 - 1.1300; TP2 - 1.1250.