You are here: Home > articles > Forex > EURUSD Ichimoku cloud indicator analysis ahead of the FOMC on July 26th, 2023.
EURUSD Ichimoku cloud indicator analysis ahead of the FOMC on July 26th, 2023.
July 26, 2023 1:23 pmVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
EURUSD is trading around 1.1061 after bouncing towards 1.1086 earlier today. Price challenged the lower cloud boundary that is now support and got rejected. Price remains below the cloud thus trend remains bearish. Volatility is expected to rise over the next couple of sessions until the end of the week as traders anxiously expect the announcements of the major central banks (US, EU, Japan). According to the Ichimoku cloud indicator support is found at 1.1054 by the tenkan-sen (Red line indicator). The kijun-sen (yellow line indicator) provides resistance at 1.1122. The Chikou span (black line indicator) remains below the candlestick pattern (bearish). Price has more upside to bounce as the lower cloud boundary has a positive slope for the time being. As long as we trade below the cloud trend is bearish. Breaking above the kijun-sen will be a first important step towards trend change.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: