EUR/USD: weekly Ichimoku (June 6)
Tatyana Norkina, FBS analyst
Daily. Consolidation above the 1.3600 figure was finished by a break of this level to the downside to the next round figure at 1.3500. However, the oversold market conditions played their part – bulls regained positions and pushed the price to 1.3660. The next target lies at the daily Kijun line.
Chart. Daily EUR/USD
H4. The pair entered the Ichimoku cloud and will try to fix here in the coming sessions. We have to consider the bearish color of the cloud. Tenkan and Kijun lines are sideways, sending signals about a potential consolidation at the current levels or a little lower.
Chart. H4 EUR/USD