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Ichimoku Indicator

27.11.202315:53 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for November 27th, 2023.

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EURUSD is trading around 1.0950. In the 4 hour chart price is trading above the Ichimoku cloud (bullish). The Chikou span (black line indicator) is above the candlestick pattern (bullish), while the tenkan-sen (red line indicator) and the kijun-sen (yello line indicator) provide support 1.0927 and 1.0908 respectively. A break below 1.09 will provide us with sign of weakness that could lead EURUSD to a deeper pull back towards the lower cloud boundary near 1.0810. For now bulls remain in full control of the trend. There is no reversal confirmation nor a sign of weakness.

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