You are here: Home > articles > Forex > Ichimoku cloud indicator analysis of EUR/USD for June 11, 2018
Ichimoku cloud indicator analysis of EUR/USD for June 11, 2018
June 11, 2018 7:24 amVideo
Latest News
- Technical Analysis – WTI futures break below 200 day-SMA May 3, 2024
- Hot forecast for EUR/USD on May 3, 2024 May 3, 2024
- Key events on May 3: fundamental analysis for beginners May 3, 2024
- Trading plan for GBP/USD on May 3. Simple tips for beginners May 3, 2024
- Trading plan for EUR/USD on May 3. Simple tips for beginners May 3, 2024
- Forecast for EUR/USD on May 3, 2024 May 3, 2024
- Forecast for GBP/USD on May 3, 2024 May 3, 2024
- Forecast for USD/JPY on May 3, 2024 May 3, 2024
- The euro did not understand the Fed’s signals May 3, 2024
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
- JPY terrifies traders May 2, 2024
- Fed makes tough decision May 2, 2024
- USD/JPY: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- EUR/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521 May 2, 2024
- EUR/USD: trading plan for the US session on May 2nd (analysis of morning deals). Euro bought around 1.0700 May 2, 2024
- EUR/USD. May 2nd. US statistics disappoint once again May 2, 2024
The EUR/USD pair has pulled back on Friday towards 1.17 where it found support both at an upward sloping trend line and on the 4-hour Kijun-sen indicator. Trend remains bullish in the short-term as price is still above the Kumo (cloud) and as price continues to make higher highs and higher lows.
Magenta line – trend line support
The 4-hour chart of the EUR/USD pair shows us a bullish short-term trend. Price has held above the trend line support and bounced off the kijun-sen support. All these are bullish signs. We should expect EUR/USD to continue higher above 1.19 over the coming weeks. Cloud support is at 1.1680. Technical support is now at 1.1750 where we also find the 4-hour kijun-sen now. Bulls do not want to see these levels broken.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: