FX.co ★ Ichimoku cloud indicator analysis on EURUSD for December 13th, 2022.

EURUSD is trading around 1.0557. Price continues above the 4 hour Kumo (cloud) in a bullish trend. Bulls remain in control of the short-term trend as long as price is above 1.0443 where we find the lower cloud boundary. Both the tenkan-sen (red line indicator at 1.0543) and the kijun-sen (yellow line indicator at 1.0516) provide support. The Chikou span (black line indicator) remains above the candlestick pattern. All signs remain positive in favor of the bullish trend. No sign of weakness or reversal.