EUR/USD: the Euro can’t decide the direction
As we expected, yesterday Eurodollar has rebounded to the lower boundary of the four-hours Ichimoku cloud. Immediately has begun the new sales of the currency pair from 1.1100. Tenkan-sen and Kijun-sen formed a golden cross. It’s holding the further attacks of the bears in the area of 1.1060. A breaking of this support would mean a resumption of the downtrend.
Technical levels: support - 1.1060; resistance – 1.1100.
1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950.