Ichimoku analysis (1-hour chart)
Tenken-Sen- 1.22619
Kijun-Sen- 1.22751
EURUSD took support near 200- H MA and shown a minor recovery. Markets eye run-off elections in Georgia today for further directions. The surge in coronavirus and lockdown restrictions in the UK is supporting the US dollar at higher levels. The intraday trend of EURUSD is neutral as long as resistance 1.23200 holds.
Technical:
On the higher side, near-term resistance at 1.2320. Any indicative violation above targets 1.2360/1.2400 likely. The near term support is around 1.2240. Any break below will drag the pair down till 1.2200/1.2150/1.2130.
It is good to sell on rallies around 1.2285-88 with SL around 1.2320 for the TP of 1.2200.
