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FX.co ★ Ichimoku cloud indicator analysis on EURUSD for July 15, 2021.

Ichimoku cloud indicator analysis on EURUSD for July 15, 2021.

EURUSD is trading at 1,18 after getting rejected at the 1.1850 cloud resistance area. Short-term trend remains bearish as long as price is below the low.

Ichimoku cloud indicator analysis on EURUSD for July 15, 2021.

EURUSD is trading below both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). This resistance is found at 1.1825 and the next by the Kumo (cloud) is at 1.1845-1.1850. Bulls will need to recapture at least 1.1845 in order to confirm trend change. By breaking above the 4hour Kumo, we will have the first important reversal warning.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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