We prefer to go EUR/USD short

FX:EURUSD   Euro / U.S. Dollar
308 0 5
Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.2474
Kijun-Sen level: 1.2446
Ichimoku cloud top: 1.2441
Ichimoku cloud bottom: 1.2432

EUR/USD             made a high of 1.25080 and has retreated from that level. Overall trend is weak as long as resistance 1.2530 holds.
On the upper side above 1.2530 will target 1.2580/1.2630.
Minor support 1.2360. Any indicative break below would extend loss to 1.2300/1.2260 (161.8% retracement of 1.2500 to 1.28859).

Recommendation: Sell EUR/USD             around 1.2472, SL 1.2530, Target 1.2260.
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