Eurodollar stays in the neutral zone. Yesterday’s trading were between Tenkan-Sen, Kijun-Sen and the Ichimoku cloud. Despite the golden cross formed by Tenkan and Kijun lines it’s hard to recover the positions. The main reason is a bearish trend which confirmed by the Ichimoku cloud.
If the Kijun-sen will not support the market today the exchange rate will continue decreasing.
Technical levels: support – 1.1050; resistance – 1.1150.
Trade recommendations:
1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950.
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