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… Continue reading EUR/USD . Ichimoku chart suggest weak support
EUR/USD has rebounded off the kumo support at around 1.305 Right now it is trading right at the resistance level as shown by the kumo around 1.3187 I think this is a fairly good setup for a short for the following reason: 1. We have a bearish cross from the Tenkan sen and Kijun some… Continue reading $EURUSD (EUR/USD) . Kumo resistance
We can see from the Ichimoku chart for EUR/USD that EUR failed to breakout of the kumo successfully. Having rebounded off the kumo support at around 1.305, I am betting that it will drop from 1.318 and pierce through the kumo support below.