EURUSD Technical Analysis continuation of bullish

EURUSD Technical Analysis – a continuation of the bullish trend or correction? We are waiting for Non-farm Payrolls …

The price on the daily time frame is in a bullish trend since the beginning of this week: the price breaks the line Senkou Span B and came out of the cloud of Ichimoku, offer resistance around 1.1379, breaking through the level of which – the price of the primary upward trend will continue until the formation of a new peak for the pair.

D1 (price on the daily timeframe) – state market prices on a daily time frame can be characterized as a primary uptrend:

  • the price is above the cloud / Kumo Ichimoku primary bullish trend;
  • line
    Senkou Span A as a virtual boundary between the primary downward and
    primary uptrend is below the price that a svidelelstvuet
    primary uptrend on the daily timeframe;
  • Chinkou Span line is above
    and about the price with a good willingness to break her up and down with
    key support level with a turn of price movement with
    the primary uplink at the primary downlink;
  • The closest support level 1.1379;
  • The nearest resistance level 1.0886;

EURUSD Technical Analysis continuation of bullish

Trend:

  • H4 – multidirectional bullish trend
  • D1 – primary upward trend
  • W1 – multidirectional bearish trend
  • MN1 – multidirectional bearish trend

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