EUR/USD: euro falling in negative area

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Technical levels: support – 1.2290; resistance – 1.2380.

Trade recommendations:

  1. Buy — 1.2290; SL — 1.2270; TP1 — 1.2380; TP2 — 1.2450

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the negative area, but there is a strong support on 1.2290.

01-eurusdh4.png

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