EUR/USD: Ichimoku analysis

Daily. Bulls are starting to dominate on the EUR/USD technical front. The currency pair pushed up from the Kijun-sen support on the daily chart and returned to growth after the last week’s uncertainty. Evidently, a fix above 1.3300 was agood buying stimulus for the market.  We expect the pair to retest the yearly highs of 1.3420-1.3450 in the near-term. The current Ichimoku configuration is not entirely clear, since the short-term trend is determined by the “dead cross “(C). But, at the same time, the cloud is bullish – Senkou Span A (SSA) is set to increase. This situation is fraught with the return of the pair to the upper boundary of the cloud.

Chart. Daily EUR/USD

H4. There is a certain degree of uncertainty is on the H4 chart. So, after a rebound from the top of the cloud, the rate of the currency pair has reached the target level of the current recovery – 1.3380. There is a high probability of a prolonged consolidation at these levels. We also concede a decline towards Senkou Span A. In addition, we pay attention to the lower border of the cloud – SSB, which went down unexpectedly, reducing the positive power of cloud. Therefore, even despite the golden cross (C), this week buyingseems to be very risky.

Translate ke  Bahasa Indonesia

Tentang Penulis
Azzahra Alya Nabilah

Azzahra Alya Nabilah

Support OmahForex, memulai trading pada awal tahun 2012