Intraday trend: Bearish
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2301
Kijun-Sen level: 1.2306
Ichimoku cloud top: 1.2326
Ichimoku cloud bottom: 1.2348
EUR/USD has broken short term support 1.2300 and is expected to show a freefall for the day.
The break of 1.2300 will take the pair to 1.2250 (161.8% retracement of 1.25056 and 1.23212)/1.2200 in the short term. The intraday major resistance is around 1.2350 and break would extend gain to 1.2390/1.2435 (61.8% of 1.25056 and 1.23212).
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/USD around 1.23050-70, SL 1.2350, Target 1.2205.
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2301
Kijun-Sen level: 1.2306
Ichimoku cloud top: 1.2326
Ichimoku cloud bottom: 1.2348
EUR/USD has broken short term support 1.2300 and is expected to show a freefall for the day.
The break of 1.2300 will take the pair to 1.2250 (161.8% retracement of 1.25056 and 1.23212)/1.2200 in the short term. The intraday major resistance is around 1.2350 and break would extend gain to 1.2390/1.2435 (61.8% of 1.25056 and 1.23212).
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/USD around 1.23050-70, SL 1.2350, Target 1.2205.