Bears released situation
Tatiana Norkina, FBS analyst
The sharp weakening of the US dollar at the end of Friday's NFP smashed all bear’s plans. Lengthier consolidation under the four-hour Ichimoku cloud completed by rebound from Tenkan and Kijun lines to the bottom edge of the cloud, which was subsequently broken up. However, in the area of 1.4950 / 80 bulls met with resistance, which hampered their advance a couple of weeks ago. It should be noted also that customers can be stopped by closeness cloud top from decisive action. Therefore, there are still sluggish trading on the market, which led to the fact that all the lines of the indicator went sideways. Possible lowering of prices to the Tenkan and Kijun lines, with the support of which the pair can go for a test of the levels Senkou Span B.
Technical levels: support - 1.4860; resistance - 1.4950, 1.4980.
1. Buy - 1.4860; SL - 1.4840; TP1 - 1.4950; TP2 - 1.4980.
2. Sell - 1.4980 / 90; SL - 1.5000; TP1 - 1.4850; TP2 - 1.4810.