During yesterday’s session the Eurodollar finally bounced from the bottom of the Ichimoku cloud and resumed the downtrend. By the end of the day the currency pair rates fell to lows of two weeks, to the figure of 1.1000. Ichimoku indicator’s mood is now completely bearish.
At the same time there is a local overbought market now. It is possible returning of the prices to the Tenkan-sen.
Technical levels: support – 1.1000; resistance – 1.1050.
Trade recommendations:
1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950.
.png)
Origin: FX BAZOOKA
