Euro pulling itself up
Tatiana Norkina, FBS analyst
The currency pair, having formed the highs in the 14th figure area last week, has corrected to the four-hour Ichimoku cloud. At the moment, consolidation along the Senkou Span A line continues on the market, but the major bullish trend is still strong. During yesterday's trading, the bulls tried to break through the horizontal Kijun-sen line resistance in the 1.1260 area. So far, the level has withstood since the action of the dead cross formed by the Tenkan and Kijun lines is now palpable, but purchases continue. Therefore, another attack on the 1.1260 mark is highly probable today.
Technical levels: support – 1.1200; resistance – 1.1260, 1.1300.
1. Buy — 1.1250/60; SL — 1.1240; TP1 — 1.1330; TP2 — 1.1400.