EUR/USD: the Bears are cautious
During yesterday's session the major pair of Forex updated the three-week lows. The prices dropped out to 1.0980, but the Bears are cautious, because there is a strong support on the 1.1000 figure.
The current downward trend is still valid: the Ichimoku cloud extends downward and there is a dead cross. At the end of the correction we expect the downtrends continuation.
Technical levels: support - 1.1000; resistance – 1.1050.
1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950.