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Ichimoku Analysis (4 Hours chart)
Tenken-Sen- 1.08198
Kijun-Sen- 1.08357
EURUSD trades higher after Germany and France agreed for 500 bn Euros reconstruction plan and hope of vaccine for coronavirus. The pair hits a high of 1.09202 and Is currently trading around 1.09066.
On the flip side, near-term support is around 1.0870 (200-HMA) and any violation below will drag the pair down till 1.08300/1.07900. Major trend continuation only below 1.07600.
The near term resistance is around 1.09250, an indicative break above targets 1.09600/1.1000.
It is good to buy on dips around 1.0880-85 with SL around 1.08300 for the TP of 1.100.
