EUR/USD: on support of Tenkan
Technical levels: support – 1.0900; resistance – 1.0930.
Trade recommendations:
1. Sell — 1.0890; SL — 1.0910; TP1 — 1.0820; TP1 — 1.0800.
2. Buy — 1.0800; SL — 1.0780; TP1 — 1.0900; TP2 – 1.0930.
Reason: expanding bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen, the horizontal Kijun-sen; the prices are under strong resistance on daily timeframe; the local market is overbought and waiting for correction to Kijun-sen.