EUR/USD: weekly Ichimoku analysis
Tatyana Norkina, FBS analyst
Daily. Last week the pair traded inside of the Tenkan and Kujun-sen channel. The bulls managed to push the pair into the 1.3650 area. However, by the end of the week the pair had to return to the 1.3600 support. As a result, the market turned sideways. All the Ichimoku indicators are also lying flat.
Chart. Daily EUR/USD
H4. The indicator is giving out contradictive signals. The Cloud still remains bullish and there is an active golden cross. However, by the end of the week the pair found itself below the Ichimoku. If the price fixes below the Cloud, the next bearish target will be seen at 1.3540.
Chart. H4 EUR/USD