According to the Ichimoku cloud indicator, the upward trend in EURUSD is still in place as the daily Kumo is being p Hit (cloud).
The cloud support level is at 1.04. The tenkan-sen and kijun-sen are used to identify key support levels that would signal a possible trend reversal. We look to the Ichimoku cloud indicator to identify key support levels that would signal a possible trend reversal.
Currently, the candlestick pattern is above the Chikou span (black line indicator), which indicates that the current uptrend is still in place. Therefore, there is currently no indication that a reversal is imminent.
