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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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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