Ichimoku Analysis (1-hour chart)
Tenken-Sen- 1.09749
Kijun-Sen- 1.09780
EURUSD has once again declined after a minor jump above 1.1000 levels. The pair jumped till 1.10390 and broken 1.09266 low made yesterday and is currently trading around 1.09417. The total number of infected cases crossed 850000 and deaths crossed over 42000.
Technically, immediate support is at 1.09000 and any violation below will drag the pair down till 1.08600/1.0835/1.0800.
On the higher side, near term resistance is around 1.0978 and indicative break above targets 1.100/1.1040.
It is good to sell on rallies around 1.10975-78 with SL around 1.1040 for the TP of 1.0880.
