Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.2459
Kijun-Sen level: 1.2496
Ichimoku cloud top: 1.2516
Ichimoku cloud bottom: 1.2487
EUR/USD made a low of 1.2442 and has slightly recovered from that level. Intraday trend is weak as long as resistance 1.2530 holds.
The break of 1.2530 will target 1.2580/1.2630 in the short term. The pair minor support is around 1.2430 and any indicative break below would extend gain to 1.2390/1.2350.
Recommendation: Sell EUR/USD around 1.2480, SL 1.2531, Target 1.2390/1.235
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.2459
Kijun-Sen level: 1.2496
Ichimoku cloud top: 1.2516
Ichimoku cloud bottom: 1.2487
EUR/USD made a low of 1.2442 and has slightly recovered from that level. Intraday trend is weak as long as resistance 1.2530 holds.
The break of 1.2530 will target 1.2580/1.2630 in the short term. The pair minor support is around 1.2430 and any indicative break below would extend gain to 1.2390/1.2350.
Recommendation: Sell EUR/USD around 1.2480, SL 1.2531, Target 1.2390/1.235