Euro kept inside cloud
Tatiana Norkina, FBS analyst
As expected, EUR/USD bounced off the cloud's upper border resistance at 1.3440-1.3460 and, as a result, remained within the four-hour Ichimoku cloud. The short-term upward trend is yet maintained since the golden cross is still in action. However, we consider the bulls' inability to break the Tenkan-sen line up as a sign of weakness. Consequently, this will be a good chance for sales with immediate goals up to the lower border levels.
Technical levels: support – 1.1250; resistance – 1.1300.
1. Sell — 1.1300; SL — 1.1320; TP1 — 1.1220; TP2 — 1.1170.