09.06.202214:26 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for June 8, 2022.

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EURUSD is trading around 1.0737. Price remains below the Kumo (cloud) in the Daily chart, thus trend remains bearish. Price however has managed to climb above the tenkan-sen and kijun-sen indicators. Support by the tenkan-sen is at 1.0707 and by the kijun-sen at 1.0568. As long as price is above these levels, bulls have hopes for a move higher to break into the cloud. A trend change according to the Ichimoku cloud indicator will happen on a break above the Kumo (cloud) at 1.0920. Until then bears remain in control of the medium-term trend.

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