EUR/USD shows toughness

Tatiana Norkina, FBS analyst

During yesterday’s trading session, the pair EUR/USD recovered to the upper limit of the four-hour Ichimoku cloud. The bullish trend is being held back by Senkou Span A, however, it is also supported by the positive cloud and the golden cross formed by Tenkan-Sen and Kijun-Sen. Thus, the 14th figure testing remains possible on a short-term horizon. In any case, trading is likely to be quite severe, as, the local major Forex currency pairs are going to be overbought rather slowly, and it is going to be combined with the mentioned bulls’ advantages. The devaluation towards the cloud will be possible after the 1.1400 testing.

Technical levels: support – 1.1350, 1.1300; resistance – 1.1400, 1.1450.

Trading recommendations: off the market.

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