FBS - Analytics

    FBS

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    EUR/USD loses the ground again

    Yesterday's Forex trading session has been noted by severe depreciation of European currency against the American dollar. The EURUSD has lost more than a figure: minimums of the day was going under the 12th figure, to 1.1180/90.

    During this time the four-hour Ichimoku indicator also has begun its reconstruction. The cloud which has critically narrowed its range in the descending direction also can join the Dead Cross created by Tenkan and Kijun lines.

    At the same time, it is necessary to consider that Chinkou Span is located in the oversold area. Therefore the correctional recovery to the Tenkan line is possible today.

    Technical levels: support – 1.1200, 1.1150; resistance – 1.1240/60.

    Trading recommendations:

    1. Sell — 1.1240; SL — 1.1260; TP1 — 1.1150; TP2 — 1.1115.


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