EUR/USD remaining within cloud
Tatiana Norkina, FBS analyst
Trading on the major currency pair on Forex began with the rate's recovery to the 1.1245 mark today. However, the bulls can not yet overcome the horizontal Tenkan-Sen and Kijun-Sen lines resistance. The pair remains within the Ichimoku cloud, in close proximity to its lower border. The bearish cloud is obvious to trigger negative sentiment rise in the market. But if the bulls manage to keep at the current levels during the day, the currency pair rate might rise even to the 14th figure in the near future. Otherwise, we will expect an update of the past week's lows.
Technical levels: support – 1.1180, 1.1200; resistance – 1.1270/80.
Trade recommendations: out of market.