EUR/USD Forecast: euro corrected to Cloud

forex-news-euroTechnical levels: support – 1.1510; resistance – 1.1620.

Trade recommendations:

Sell — 1.1600; SL — 1.1620; TP1 — 1.1545; TP2 – 1.1510.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; a market is corrected to Cloud and may continue existing downtrend.


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