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 1.2280/1.2200.The EUR/USD temporary resistance is around 1.2535 and any break of resistance will reach 1.2602/1.2630 in short term.
EUR/USD is in consolidation phase with mild upside bias is seen for the test of 1.2600 (Nov 19th high).
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/USD around 1.2370, SL 1.2280, Target 1.2602.
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 1.2280/1.2200.The EUR/USD temporary resistance is around 1.2535 and any break of resistance will reach 1.2602/1.2630 in short term.
EUR/USD is in consolidation phase with mild upside bias is seen for the test of 1.2600 (Nov 19th high).
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/USD around 1.2370, SL 1.2280, Target 1.2602.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.