Currency: EUR/USD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: EUR/USD found support at 1.2395 and bounced off of the cloud on 30M chart. That indicates we are going to see the pair testing Friday’s high. This position is against the current trend so enter with a trailing stop of 20 pips.
Recommendation: Long
Entry: 1.2405
Target Area: 1.2435 and 1.2450
Stop-Loss: 1.2380
For an update as of 1:00 PM GMT see here