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Ichimoku Analysis (Daily chart)
Tenken-Sen- 1.08917
Kijun-Sen- 1.08832
EURUSD continues to trade lower after hitting a high of 1.0085 yesterday. The renewed US-China trade tension especially Honk Kong uncertainty is supporting the US dollar. It hits an intraday low of 1.08853 and is currently trading around 1.08901.
The near term support is at 1.08600 (21-day MA), any break below will drag the pair down till 1.08600/1.0760.
On the higher side, immediate resistance is around 1.09250 will take the pair to next level 1.0960/1.100. Bullish continuation only above 1.1020.
It is good to sell on rallies around 1.09548-55 with SL around 1.100 for the TP of 1.0800.
