FBS - Analytics


    561.00 6.00/10
    84% of positive reviews

    Euro experiences a correction inside the channel.

    The new trading week started with a slight decrease of Eurodollar, which experiences a correction after the recent explosive growth rate. This morning’s trading was attended by a four-hour Tenkan-sen, in the region of 1.1130, inside the Tenkan-Kijun channel. There is also a possibility of the further weakening to the Kijun line support at 1.1070.

    However, the main trend remains bullish due to the Ichimoku Cloud’s positivity. In addition, the gold cross of Tenkan and Kijun is active.

    Technical levels: support – 1.1070; resistance – 1.1160.

    Trading recommendations:
    1. Buy – 1.1070; SL – 1.1050; TP1 – 1.1160; TP2 – 1.1220.


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree