Categories
Forex Uncategorized

EUR/USD . Ichimoku chart suggest weak support

$EUR/USD . Ichimoku chart suggest weak support

The daily Ichimoku chart for $EUR/USD is suggesting that the uptrend for EUR/USD is coming to an end.

1. We can see that the overall trend is flattening or hitting a plateau with the kumo turning flat.

2. A bearish cross seems to be forming between the Kijun sen and Tenkan sen

3. Support is thin at the kumo

4. Leading kumo seems to suggest a change in trend may be coming.

 

 

By iam802

Trend trading with Ichimoku