FX.co ★ The daily review of the currency pair EUR / USD for February 28, 2018. Ichimoku Indicator

EUR/USD

Senior timeframes

Yesterday, the pair withdrew from the consolidation zone, renewed the minimum extremum and continued its decline. Currently, the support of the weekly Tenkan (1.2235) is being tested. Overcoming the level will allow to develop a weekly downward correction, which will be guided by weekly levels of Fibo Kijun (1.2172) and Kijun (1.2055).

H4-H1

In the current situation, the support for the Ichimoku indicator belongs to the players for a fall. The goals and objectives of the players for the fall were unchanged, support for the senior halves (1.2232 - 1.2172 - 1.2055) + the target for the breakdown of the H4 cloud. At the moment, we are testing the support of the weekly short-term trend (1.2232), the level is a week, so the result of interaction will be formalized at more senior times. In the case of braking and the development of an upward correction, the nearest resistance today can be noted at 1.2273 (Kijun H1 + cross H4) and 1.2325 (the lower boundary of cloud H4 + cloud H1).

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.