EUR/USD : Kumo resistance

After falling to a low of 1.1876, the EUR has rally back against the USD.

With a Tenkan sen – Kijun sen cross on June 24, EUR has continued to climb and is now just a step away from breaking out of the kumo resistance at 1.2779

A breakout from the kumo will be a good signal for those trading with longer timeframe.

There may also be a chance of reversal; as we can see from the chart the range over the is getting smaller.

By iam802

Trend trading with Ichimoku