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FX.co ★ Ichimoku cloud indicator analysis on EURUSD for November 14th, 2022.

Ichimoku cloud indicator analysis on EURUSD for November 14th, 2022.

Ichimoku cloud indicator analysis on EURUSD for November 14th, 2022.

EURUSD has started the week with a slight pull back. After making a high at 1.0364 last week, price is now trading around 1.03. Short-term trend remains bullish and price continues to trade above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Price today has tested the tenkan-sen which provides short-term support at 1.0265. A break below the tenkan-sen will open the way for a deeper pull back towards the kijun-sen. Currently the kijun-sen support is at 1.0150. The 4 hour Kumo (cloud) provides support at 0.9972 and as long as price is above this level, short-term trend will remain bullish.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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