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23.06.202200:07 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for June 23rd, 2022.

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Exchange Rates 23.06.2022 analysis

EURUSD daily candlestick closed above the tenkan-sen (red line indicator), but remains below the kijun-sen (yellow line indicator) and below the Kumo (cloud). In order for trend to change to neutral in the Daily chart, bulls must push price into the cloud. Support is at the tenkan-sen at 1.0483 and at yesterday's low at 1.0470. So bulls need to defend this support area around 1.0475. They also need to push above 1.06 in order to give hopes for a move towards 1.0750.

Alexandros Yfantis
Analytical expert of InstaForex
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