EUR/USD: weekly Ichimoku analysis
Tatyana Norkina, FBS
Daily. The currency pair found support slightly above the 1.3330 mark. Last week there were no significant changes - the pair traded in the 1.3330-1.3430 range. All the indicator lines were flat, confirming the sideways trend. At the same time, the Cloud remains bearish. Chinkou Span line is in the oversold zone.
Chart. Daily EUR/USD
H4. On the H4 chart the price traded at the lower border of the Cloud. Bulls made several attempts to recover, but were capped by the Senkou Span A and Tenkan/Kijun lines. The major descending trend remains active.
Chart. H4 EUR/USD