Euro still weak
Tatiana Norkina, FBS analyst
EURUSD started the new trading week quit sluggishly, consolidating under the horizontal Tenkan-Sen and Kijun-sen lines on the four-hour timeframe. The bulls have tried to break through the 12th figure this morning, but failed so far. Obviously, the bearish sentiment is stronger in the market - the Ichimoku cloud is negative. Therefore, we will expect the downtrend resumption from the current levels.
Technical levels: support – 1.1100; resistance – 1.1200.
1. Sell — 1.1180; SL — 1.1200; TP1 — 1.1100; TP2 — 1.1030.