FX.co ★ Ichimoku cloud indicator analysis on EURUSD for June 29th, 2023.

EURUSD is trading around 1.0930. In Ichimoku cloud terms price remains in a bullish trend as it still trades above the Kumo (cloud). Price broke out of the cloud and back tested it successfully. Price respected the upper cloud boundary and has not broken back inside it. Currently price is trading around the tenkan-sen (Red line indicator). Support by the cloud is found at 1.0880. The tenkan-sen is above the kijun-sen (yellow line indicator). This is a sign of strength. The Chikou span (black line indicator) is above the candlestick pattern (bullish). So far no signs of reversal. Bulls remain in control.