Ichimoku cloud indicator analysis on EURUSD for July 6th, 2023.
July 6, 2023 12:22 pm
EURUSD is trading around 1.0897. Yesterday price was under pressure and the Daily candlestick closed inside the Kumo (cloud) turning trend to neutral from bullish). Today price is bouncing off the cloud support and is currently trading above the Kumo. Price remains trapped between the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the tenkan-sen is at 1.0905 and support by the kijun-sen at 1.0837. The Chikou span (black line indicator) remains above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD is trading around 1.0897. Yesterday price was under pressure and the Daily candlestick closed inside the Kumo (cloud) turning trend to neutral from bullish). Today price is bouncing off the cloud support and is currently trading above the Kumo. Price remains trapped between the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the tenkan-sen is at 1.0905 and support by the kijun-sen at 1.0837. The Chikou span (black line indicator) remains above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
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