Categories
Forex

EUR/USD : Watch the Kumo

On the Ichimoku Daily chart, EUR/USD looks ready to challenge the kumo resistance.

A break above the kumo level (around 1.302) will signal a bullish move for the EUR with the next resistance at 1.3307.

Note:

– It is also important to note that the Kijun sen (trendline) is pointing down

– There seems to be a kumo twist ahead; suggesting that the trend is down after the bearish cross back in August

– So watch this kumo action.

By iam802

Trend trading with Ichimoku