Technical levels: support – 1.2660; resistance – 1.2750.
Trade recommendations:
- Sell — 1.2750; SL — 1.2770; TP1 — 1.2700; TP2 — 1.2660.
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 is oversold, expecting correction to Tenkan-sen.
