Medium term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.2418
Kijun-Sen level: 1.2442
Ichimoku cloud top: 1.2475
Ichimoku cloud bottom: 1.2479
EUR/USD has made a temporary high of 1.25307 (Nov 26th high) and overall trend is weak as long as resistance 1.2610 holds.
On the upper side any indicative break above 1.2610 will target 1.2690/1.2750 in the short term.
The pair’s minor support is around 1.2350 and breaking below would extend loss to 1.2202/1.2000.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Sell EUR/USD around 1.2390, SL 1.2610, Target 1.2000.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.2418
Kijun-Sen level: 1.2442
Ichimoku cloud top: 1.2475
Ichimoku cloud bottom: 1.2479
EUR/USD has made a temporary high of 1.25307 (Nov 26th high) and overall trend is weak as long as resistance 1.2610 holds.
On the upper side any indicative break above 1.2610 will target 1.2690/1.2750 in the short term.
The pair’s minor support is around 1.2350 and breaking below would extend loss to 1.2202/1.2000.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Sell EUR/USD around 1.2390, SL 1.2610, Target 1.2000.