empty
 
 
07.06.2018 09:08 AM
Ichimoku cloud indicator analysis of EUR/USD for June 7, 2018

Today, we look at the weekly chart of EUR/USD. Why have we have been bullish about this pair?Pessimism was at its highest near 1.15-1.16 when everyone was talking about Italexit and expressed fears of the Eurozone break up.

This image is no longer relevant

Black line - horizontal resistance

At market peaks and bottoms sentiment is at extremes. The same was the case when EUR/USD was trading around 1.15. On a weekly basis, we have two very bullish signs. First, last week's candle was a bullish hammer followed by a bullish week. Price bounced strongly off the 38% Fibonacci retracement and the upper weekly cloud boundary. Cloud support is held. If price manages to move back above the black horizontal resistance and the weekly kijun-sen, then we will have a very bullish setup. We remain bullish.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback