Ichimoku cloud indicator analysis on EURUSD for June 14th, 2023.
June 14, 2023 1:23 pm
EURUSD is trading around 1.08. Short-term trend is bullish as price is trading above the Kumo (cloud). All indicators remain on the bullish side. Price continues making higher highs and higher lows as it approaches our next targets. The tenkan-sen (red line indicator) provides support at 1.0791, while the kijun-sen (yellow line indicator) is the next important support at 1.0762. The cloud provides key trend support at 1.0714. The Chikou span (black line indicator) is above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD is trading around 1.08. Short-term trend is bullish as price is trading above the Kumo (cloud). All indicators remain on the bullish side. Price continues making higher highs and higher lows as it approaches our next targets. The tenkan-sen (red line indicator) provides support at 1.0791, while the kijun-sen (yellow line indicator) is the next important support at 1.0762. The cloud provides key trend support at 1.0714. The Chikou span (black line indicator) is above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
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