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Ichimoku Analysis (Daily chart)
Tenken-Sen- 1.13613
Kijun-Sen- 1.13498
EURUSD is trading higher for 3rd consecutive days and is trading well above 1.14500 level. The European leaders have agreed to a 750 billion euro recovery fund. It has increased demand for riskier assets like stocks. Market's eyes coronavirus spread among various countries for further move. It hits a high of 1.14800 and is currently trading around 1.14750.
The decline from 1.2558 will get completed at 1.0639 only if the pair breaks the 1.1500 level. Any violation above targets 1.15970/1.1620. The near term support is around 1.1450, violation below will take the EURUSD till 1.1420/1.13595.
It is good to buy above 1.1500 with SL around 1.1450 for the TP of 1.1620.
