EUR/USD: the Euro continues its consolidation
During yesterday's session the Eurodollar has stayed above the support of 1.1060 which is formed by the Kijun-sen line. Its forced the prices to return to the lower bound of Ichimoku cloud. Today's trading takes place within the cloud, but we see the narrowing of the Tenkan-Kijun channel. This mean declining of buyers interest. Therefore we still expect a resumption of the downtrend.
Technical levels: support - 1.1060; resistance – 1.1110.
1. Sell — 1.1100; SL — 1.1120; TP1 — 1.1000; TP2 — 1.0950.