EUR/USD: Ichimoku analysis (Mar. 28)
Tatiana Norkina, FBS
Daily. The pair spent the week under bearish pressure. The market remains overbought. That's why the pair extended the corrective downside and slipped below the Kijun-sen line. However, Ichimoku gives some more chances for the buyers - golden cross (C) is in power and the Cloud itself still remains bearish.
Chart. Daily EUR/USD
H4. The picture turned bearish. Euro returned below the Cloud, extending the downside. As a relult, we've got the new "dead cross". Major support lies at 1.3730 and 1.3710.
Chart. H4 EUR/USD