Norkina: Positive for EUR is remained
Tatiana Norkina, FBS analyst
EURUSD concluded the previous week on a positive note. The currency pair rate has increased to 14th figure and the bullish sentiment is likely to remain in the market in the near future. Indeed, the four-hour Ichimoku indicator has totally reformed towards the buyers: the bullish cloud and the golden cross will lead to further purchases of the pair.
At the same time, we are observing a powerful resistance in the 1.1400 range that may provoke a correctional decline to the Tenkan or Kijun lines.
Technical levels: support - 1.1310; resistance - 1.1400.
1. Sell - 1.1400; SL - 1.1420; TP1 - 1.1350; TP2 - 1.1310.
2. Buy - 1.1310; SL - 1.1290; TP1 - 1.1400; TP2 - 1.1430.