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EURUSD is trading at 1.1647. Short-term trend remains bullish as price is above the Kumo (cloud) in the 4 hour chart. EURUSD has already reached our first target at 1.1670, but this pull back could provide a higher low and the start of the next leg higher.
EURSD continues to hold above the 4 hour tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). These two indicators provide support at 1.1641 and at 1.1621. Breaking below the cloud support at 1.16-1.1590 would be a sign of weakness. Bulls do not want to see price break this level, instead they want price to move above 1.1670.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.