Technical levels: support – 0.7800, 0.7830; resistance – 0.7880, 0.7900.
Trade recommendations:
Buy — 0.7840; SL — 0.7820; TP1 — 0.7880; TP2 — 0.7900.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area yet, but entered into the channel of Tenkan-Kijun and can grow to Kijun’s levels.
