Forex Ichimoku Clouds Overview EURUSD

Forex: Ichimoku Clouds. Overview EUR / USD

EUR/USD, H4

Consider
four-hour graph. Tenkan-sen line is above Kijun-sen, both of them are directed upward. Chinkou Span line is approaching the price chart above.
Cloud recently been turned downward to upward. The pair is trading within the
clouds, the borders of which are levels of support (1.1346) and resistance
(1.1402).

Forex Ichimoku Clouds Overview EURUSD

EUR/USD, D1

On the daily chart
Tenkan-sen line is below the Kijun-sen, both lines are horizontal. Chinkou Span line is below the price chart,
current cloud – downward. After prolonged drop vapor
corrected to the level of Tenkan-sen. The nearest resistance level
is the Kijun-sen line (1.1471). The estimated level of support – one of the
previous minima line Chinkou Span (1.1203).

Forex Ichimoku Clouds Overview EURUSD

Key levels

Support levels:
1.1346, 1.1203.

levels
Resistance: 1.1402, 1.1471.

trading recommendations

on the four-hour
chart the pair is trading within the cloud, and on the day we see correction
downward movement. Deferred items for sale should put under the bottom
boundary cloud (1.1346) to 1.1203.

Anastasia Glushkov

Analyst LiteForex Investments Limited

Related posts

  • GBPUSD analysis and forecast

    GBP / USD: analysis and forecast current dynamics During yesterday’s trading the GBP / USD pair returned previous lows after significant growth in the…

  • 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…

  • Forex ee Economic Daily Digest

    Forex.ee: Economic Daily Digest Daily Digest of economic Forex . ee Keep an eye on major economic news with us Thursday, May 12 GBP / USD stepped up…

Next posts

Leave a Reply

Your email address will not be published. Required fields are marked *