EUR/USD: Ichimoku analysis (Apr. 25)
Tatiana Norkina, FBS analyst
Daily. Last week the pair consolidated within the Tenkan- and Kijun-sen channel. Upper border of the Cloud acted as a support. The situation remains uncertain for now. Bulls need to fix above the Cloud and the Tenkan line.
Chart. Daily EUR/USD
H4. The pair traded within the Cloud, confirming a sideways trend. Tenkan and Kijun lines have formed many crosses in different directions. Senkou Span A and B are horizontal, confirming the long-term sideways trend as well. Ichimoku remains bullish. Euro can resume the uptrend if the prices fix in the positive zone.
Chart. H4 EUR/USD