EUR/USD Forecast: euro is going to new lows

eur_usdTechnical levels: support – 1.2090; resistance – 1.2160.

Trade recommendations:

Buy — 1.2100; SL — 1.2080; TP1 — 1.2160; TP2 — 1.2190;

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market made a new local lows, but there is a strong daily support near 1.2100.

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