Euro remained inside cloud
Tatiana Norkina, FBS analyst
The major currency pair on Forex keeps trading within the four-hour Ichimoku cloud. By the end of yesterday's trading, the pair's rate was sliding to the 08th figure area, testing the cloud's lower border support. The Tenkan-sen and Kijun-sen lines have responded to this decrease this morning and formed a dead cross. However, the bears should probably not keep their hopes up, since Kijun-sen has immediately gone up, predicting a possible return of big buyers to the market. Therefore, in case the Senkou Span A support stands today, the pair will be once again rising to 1.1000. Otherwise, transition to under the cloud may cuase the pair to tumble at least up to 1.0650.
Technical levels: support – 1.0800, 1.0650; resistance – 1.0880, 1.0940.
1. Buy — 1.0840; SL — 1.0820; TP1 — 1.0880; TP2 — 1.0940.