Technical levels: support – 0.7000; resistance – 0.7100
Trade recommendations:
- Sell — 0.7100; SL — 0.7130; TP1 — 0.7040; TP2 — 0.7000.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls returned the prices to bottom border of the Cloud and the market is oversold now.
