01.06.201813:11 Forex Analysis & Reviews: Daily review of EUR/USD as of June 1, 2018. Ichimoku Indicator

EUR/USD

The pair is in the zone of attraction of important levels, as a result, the nature of the monthly May candle turned out to be rather ambiguous. In case of reliable fastening above the zone (1.1670-1.1708), conditions will appear for the formation of a clearing from the weekly cloud (Senkou Span A 1.1681), and also this arrangement will return to the monthly cloud (Senkou Span A 1.1670), as a result, the testing of its upper limit, with the aim of breakdown, will become relevant. Therefore, players on the decline to save their benefits and plans it is important to stay within the influence of 1,1670 – 1,1708, preserving the area as the center of gravity and not allowing it to turn into the support area.

The early time intervals today are in solidarity with the importance of the moment. Fulfilled target for the breakout clouds N1, encountered the resistance of the clouds H4, the breakout of which will form a new bullish target, allowing the pair to proceed to the elimination of the dead cross of day. Support from the lower halves, capable of contributing to the breakdown of the resistance zone, can be noted at 1.1620.

Indicator parameters:

all time intervals 9 - 26 - 52

Color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

Color of additional lines:

support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

horizontal levels (not Ichimoku) - brown,

trend lines - purple.