The Eurodollar had continued the falling, bouncing from the resistance of 1.1050. On Friday, the rate of the currency pair has updated a lows of the past four weeks to 1.0950. So the downward trend is kept. Ichimoku indicator have a bearish mood: there is actual a dead cross and the cloud extends downward. After the rebounding from the Kijun-sen we expect a new lows.
Technical levels: support – 1.0950; resistance – 1.1000.
Trade recommendations:
1. Sell — 1.0990; SL — 1.1010; TP1 — 1.0950; TP2 — 1.0910.
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Origin: FX BAZOOKA
