FX.co ★ Ichimoku cloud indicator analysis on EURUSD for November 28th, 2023.

EURUSD is trading around 1.0950. In Ichimoku cloud terms in the 4 hour chart, trend remains bullish as price continues to stay above the Kumo (cloud). The Chikou span (black line indicator) remains above the candlestick pattern (bullish). The tenkan-sen (red line indicator) provide support at 1.0945, while the kijun-sen (yellow line indicator) provides support at 1.0910 where we also find the upper cloud boundary. A break below 1.0945 will be a sign of weakness and price will tend to move lower towards the cloud support. In the meantime EURUSD continues making higher highs and higher lows. So far there is no sign of a reversal. Bulls remain in control of the trend.