Short term trend: Bullish
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2304
Kijun-Sen level: 1.2316
Ichimoku cloud top: 1.2286
Ichimoku cloud bottom: 1.2282
EUR/USD has recovered after making a low 1.2246 and short term trend is bullish as long as support 1.2275 holds.
The pair’s minor resistance is around 1.2350 and any break of will target 1.2400/1.2470. The break of short term support 1.2275 will take the pair to 1.2240/1.2200.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/USD around 1.23160-70, SL 1.2274, Target 1.2469/1.2529.
Ichimoku analysis (30 min chart):
Tenkan-Sen level: 1.2304
Kijun-Sen level: 1.2316
Ichimoku cloud top: 1.2286
Ichimoku cloud bottom: 1.2282
EUR/USD has recovered after making a low 1.2246 and short term trend is bullish as long as support 1.2275 holds.
The pair’s minor resistance is around 1.2350 and any break of will target 1.2400/1.2470. The break of short term support 1.2275 will take the pair to 1.2240/1.2200.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/USD around 1.23160-70, SL 1.2274, Target 1.2469/1.2529.
