Euro strengthened significantly
Tatiana Norkina, FBS analyst
The sharp weakening of the US dollar during yesterday's trading has had quite a strong effect on the technical picture. The four-hour situation on the Eurodollar is threatening to change for the bulls' benefit since the yesterday's rate growth resulted in the prices moving into the positive area. The Tenkan and Kijun lines are supporting the short-term upward trend with the formed golden cross. The Ichimoku cloud is gradually narrowing down.
The market consolidation above 1.1140 is obvious to serve as an additional signal for purchases during today's session as well. The next goal of the bulls could be the 1.1400 figure.
Technical levels: support – 1.1140; resistance – 1.1260, 1.1290, 1.1360.
1. Buy — 1.1140/60; SL — 1.1120; TP1 — 1.1260; TP2 — 1.1360.