FX.co ★ Ichimoku cloud indicator analysis on EURUSD for October 19th, 2022.

EURUSD is trading around 0.9783. Price is still below the kijun-sen (yellow line indicator) and in danger of breaking below the tenkan-sen (red line indicator) at 0.9755. Price remains vulnerable to the downside and Daily trend in Ichimoku cloud terms is still bearish. Support is at today's low at 0.9755 area and resistance at yesterday's highs. Bears remain in control of the trend. Bulls will first need to push towards the cloud resistance at 1.0075 and then break above the Daily cloud in order to confirm trend reversal.