EURUSD in vague
Tatiana Norkina, FBS analyst
The major currency pair on Forex keeps trading within the four-hour Ichimoku cloud this morning. Friday's testing of the upper border did not bring the expected results - the bulls were forced to temporarily abandon plans for further transition to the positive area. However, the golden cross is evident to remain relevant. On the contrary, the Tenkan and Kijun lines have formed distinct support levels.
At the same time, the cloud is negative. Therefore, if the 1.1175 level is not passed during today's session, we can expect a long-term consolidation within the Ichimoku cloud.
Technical levels: support – 1.1100; resistance – 1.1175.
1. Sell — 1.1175; SL — 1.1200; TP1 — 1.1100; TP2 — 1.1040.