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EURUSD is trading around 1.0884. Price has broken inside the 4 hour Kumo (cloud) support. According to the Ichimoku cloud indicator, trend is now neutral from bullish as price has broken inside the cloud. The Chikou span (black line indicator) is below the candlestick pattern. Has just turned bearish. The tenkan-sen (Red line indicator) provides resistance at 1.0937. The kijun-sen (yellow line indicator) provide resistance at 1.0948. EURUSD is vulnerable to more downside. Next key support is the lower cloud boundary at 1.0829. Bulls do not want to see price break below this level.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
By looking at the 4-hour chart of the EUR/JPY cross currency pair, it appears that in the near future EUR/JPY has the potential to strengthen, which is confirmed
Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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