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EURUSD so far despite the volatility and the ups and downs, has held above the Ichimoku cloud in the 4 hour chart keeping short-term trend bullish. In our previous analysis we noted that a pull back towards 1.18 was possible and that bears needed to break below 1.18-1.1750 in order for short-term trend to change to bearish.
EURUSD price is above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) and of course above the Kumo (cloud). Support is found at recent lows around 1.1840-1.1820. Bulls so far have defended the cloud support and are pushing price higher. This is a bullish sign. Bears need to break at least below the 4 hour Kumo in order to hope for a short-term trend change.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.