FX.co ★ Ichimoku cloud indicator analysis on EURUSD for February 22, 2022.

EURUSD is trading around 1.1342. Trend in Ichimoku cloud terms remains bearish as price is still below the Kumo (cloud) in the 4 hour chart. Price earlier today made another attempt to break into the Kumo (cloud) but they failed. With the lower cloud boundary at 1.1357, price got rejected and remains below it.

Price is not only below the 4 hour Kumo, but also below the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Both indicators are found at 1.1340. Inability to close the day above 1.1340-1.1360, would be a sign of weakness. Support remains at recent low of 1.1290 area. Breaking below 1.1290 would lead would be an added bearish signal, after the rejection we witnessed today.