For Traders

Analytical Reviews

Ichimoku Indicator

25.06.202116:45 Forex Analysis & Reviews: Ichimoku cloud indicator analysis of EURUSD for June 25, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EURUSD is in a bearish trend. Price is below the Ichimoku cloud. Price is showing some upward reversal signs by bouncing off 1.1845 towards 1.1950. However it is still unclear if this is just a counter trend bounce or a major low is already in place.

EURUSD is below the Kumo (cloud). This confirms that trend is bearish. Price is now challenging the lower cloud boundary. This is important resistance. This resistance is at 1.1975. Breaking above this level, trend will change to neutral. Next resistance is at the tenkan-sen (Red line indicator) at 1.20 and next and also very important, at the kijun-sen (yellow line indicator) at 1.2055. If price ends the day inside the cloud, then we could see more upside towards 1.2050 next week. A rejection at 1.1975 would be a bearish sign and could lead to a new low towards 1.18-1.1750.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.