The legend in the InstaSpot team!
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EURUSD is trading around 1.0980. In Ichimoku cloud terms trend remains bullish. EURUSD made a high at 1.1017 and has turned lower to test the tenkan-sen (red line indicator) support at 1.0976. The kijun-sen (yellow line indicator) provides support at 1.0952. A break below the kijun-sen will be a sign of weakness and will push price towards the cloud support at 1.0893. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). So far there is no sign of reversal, bulls remain in full control of the trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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