FX.co ★ Ichimoku cloud indicator analysis on EURUSD for June 26th, 2023.

EURUSD is trading inside the Daily Kumo so far. Friday's bearish price action pushed EURUSD inside the cloud turning trend to neutral. Price reached the tenkan-sen (red line indicator) which is the first key short-term support level at 1.0890. Today price is bouncing off the tenkan-sen support. Bulls would like to see price close above the Kumo. This would turn daily trend to bullish. The kijun-sen (yellow line indicator) provides the next key support level at 1.0823 in case see a close below the tenkan-sen. The Chikou span (black line indicator) is trading above the candlestick pattern (bullish). The tenkan-sen has crossed above the kijun-sen and both remain below the current market price. EURUSD remains support with higher chances of moving back towards 1.10. A close below the tenkan-sen will be a bearish sign.