Short-term Ichimoku cloud indicator analysis of EURUSD for July 20, 2020

EURUSD remains in a bullish trend as price is still above the Daily Kumo and above the kijun-sen indicator. Price has recaptured 1.14 level and we are heading towards our next target at 1.15-1.1550.

Price is above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) is above the candlestick bodies. Support is found at 1.1360 and at 1.1315. The tenkan-sen (red line indicator) has crossed above the kijun-sen (yellow line indicator) and this is a bullish sign. Key support remains at the upper cloud boundary at 1.12.