FX.co ★ Ichimoku cloud indicator analysis on EURUSD for February 15th, 2023.

EURUSD remains in a bearish short-term trend according to the Ichimoku cloud indicator. Price continues trading below the 4 hour Kumo (cloud). Price bounced towards the cloud resistance and got rejected. Price is below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The tenkan-sen is very close to crossing below the kijun-sen. If this happens we will get a new bearish signal. The Chikou span (black line indicator) remains below the candlestick pattern, confiring bearish trend.