Euro keeps strengthening
Tatiana Norkina, FBS analyst
The currency pair has managed to maintain the bullish trend. Trades have again moved into the positive area on the four-hour chart. Today, the prices have fixed above the horizontal Kijun-Sen line, above the 1.1170 mark, which gives the go to new purchases, together with the bullish character of the Ichimoku cloud.
At the same time, the situation with the short-term trend is unclear as the Tenkan and Kijun lines cannot cancel the dead cross effect. We do not rule out a possibility of consolidation in the 12th figure area. In its turn, transition below Kijun-sen will make the pair slide to the cloud's upper border levels.
Technical levels: support – 1.1170; resistance – 1.1230, 1.1300.
1. Buy — 1.1200; SL — 1.1180; TP1 — 1.1300; TP2 — 1.1330.