FX.co ★ Ichimoku cloud indicator analysis on EURUSD for November 23rd, 2023.

EURUSD is trading around 1.09. In Ichimoku cloud terms trend is still bullish as price is still above the 4hour Kumo (cloud). Currently price is trading around the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) remains above the candlestick pattern (bullish). Yesterday price briefly broke below the kijun-sen but bounced back up. Now EURUSD is trading between the two indicators. Failure to hold above 1.0890 will open the way for another pull back towards the cloud support at 1.0820. A break above 1.0930 will open the way for new short-term highs in EURUSD. Bulls remain in control of the trend. So far no reversal signal.