FX.co ★ Ichimoku cloud indicator Daily analysis of EURUSD for September 7, 2020

Despite making a higher high last week, EURUSD is pulling back towards 1.1750-1.18 support area. In Ichimoku cloud terms price is vulnerable to a pull back towards 1.1685 as long as price is below 1.1885.

EURUSD is vulnerable to a pull back towards the Kumo (cloud). Short-term support remains key at 1.18-1.1760 as we explained in our last analysis. As long as price holds this level, bulls still have hopes for a move towards 1.21.