Intraday trend: Bearish
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2350
Kijun-Sen level: 1.2355
Ichimoku cloud top: 1.2399
Ichimoku cloud bottom: 1.2426
EUR/USD has broken major support 1.2350 and is expected to show a free fall in the coming days. Intraday trend is weak as long as resistance 1.2435 (61.8% retracement of 1.25056 and 1.23212).
Any indicative break above 1.2440 would extend gain to 1.2470/1.2530.The break of pair support will target 1.2250 (161.8% retracement of 1.23581 and 1.25307).
Minor Resistances are 1.2365, 1.2391, 1.2435.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EURUSD around 1.2365-70, SL 1.2440, Target 1.2255.
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2350
Kijun-Sen level: 1.2355
Ichimoku cloud top: 1.2399
Ichimoku cloud bottom: 1.2426
EUR/USD has broken major support 1.2350 and is expected to show a free fall in the coming days. Intraday trend is weak as long as resistance 1.2435 (61.8% retracement of 1.25056 and 1.23212).
Any indicative break above 1.2440 would extend gain to 1.2470/1.2530.The break of pair support will target 1.2250 (161.8% retracement of 1.23581 and 1.25307).
Minor Resistances are 1.2365, 1.2391, 1.2435.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EURUSD around 1.2365-70, SL 1.2440, Target 1.2255.