Euro is remaining under cloud
Tatiana Norkina, FBS analyst
EUR/USD is remaining in the negative area, under all lines of the four-hour Ichimoku cloud. Today's trading began again with a decline, indicating the apparent weakness of the bulls. The Ichimoku indicator is also supporting the bearish sentiment in the market. The Golden Cross formed by the Tenkan and Kijun lines is just about to come to naught, while the Ichimoku cloud has a fairly wide range, to dramatically change direction. Obviously, new sellers are likely to get to action today.
Technical levels: support – 1.0700; resistance – 1.0750.
1. Sell — 1.0730; SL — 1.0750; TP1 — 1.0680; TP2 — 1.0650.