Euro keeps strengthening
Tatiana Norkina, FBS analyst
EURUSD consolidated above the Ichimoku cloud yesterday due to the growing positive sentiment in the market. Bouncing from the four-hour cloud upper border, the pair resumed growth and is again testing the powerful resistance slightly below the 11th figure this morning. The bulls are supported by the golden cross formed by the Tenkan and Kijun lines earlier this week, as well as by the positive cloud which changed its character during yesterday's session. At the same time, the Chinkou Span line is in the zone of overboughtness. Breaking through the 11th figure might turn out quite tough, consolidation at the current levels is possible.
Technical levels: support – 1.1050; resistance – 1.1100.
1. Buy — 1.1050; SL — 1.1030; TP1 — 1.1130; TP2 — 1.1180.