FX.co ★ Ichimoku cloud indicator analysis on EURUSD for April 20th, 2023.

EURUSD is trading around 1.0967. In Ichimoku cloud terms trend in the 4 hour chart is neutral as price is inside the Kumo (cloud). Price is also between the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Support is found at the lower cloud boundary at 1.0954. This is also where we find the tenkan-sen. Resistance by the kijun-sen is at 1.0973 and by the upper cloud boundary at 1.0990. The Chikou span (black line indicator) is below the candlestick pattern (bearish). The short-term picture is unclear. Traders better be cautious and patient for price to break a key level before taking action.