FxWirePro

EUR/USD Short Term Outlook

Long
FX:EURUSD   Euro / U.S. Dollar
2
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.2427
Kijun-Sen level: 1.2370
Ichimoku cloud top: 1.2378
Ichimoku cloud bottom: 1.2403

EUR/USD Has formed a short term bottom around 1.2350 and any further weakness can be seen only below 1.2350.
The break of 1.2350 will take the pair to 1.2250/1.2200.The EUR/USD has formed temporary reistance around 1.2535 and any break of resistance will reach 1.2630in short term.

Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy

Recommendation: Buy EUR/USD around 1.2425, SL 1.2348, Target 1.2530/1.2628.