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EUR/USD storms the cloud

Tatiana Norkina, FBS  analyst

During yesterday's trading session EUR/USD managed to recover at the lower boundary of the four-hour Ichimoku cloud and the whole day tried to break through to the positive area. However, the bulls still cannot handle the cloud resistance, which was created around 1.1300/10.

At the moment the situation is very difficult as, despite the bearish nature of the cloud, the bulls can break through the level. It will mean the renewal of the ascending daily trend.

Technical levels: support – 1.1270; resistance – 1.1300/10.

Trading recommendations:

1. Buy — 1.1330; SL — 1.1310; TP1 — 1.1410; TP2 — 1.1450.

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