empty
 
 
14.02.2022 06:01 PM
Ichimoku cloud indicator analysis on EURUSD for February 14, 2022.

EURUSD is under pressure. Price is challenging the key support at 1.13 where we find the lower cloud boundary in the 4 hour chart. Bulls do not want to see price break below the cloud support as this would be a bearish signal.

This image is no longer relevant

It was justified after a sharp rise from 1.1122 to 1.1485, to see a strong pull back. Price has retraced nearly 50% of the entire rise. Price has entered the Kumo (cloud) and is in danger of breaking below it. Bulls do not want to see this happening. It would be a sign of weakness. Resistance is at the upper cloud boundary at 1.14. A move above this price level would be a bullish signal and according to the ichimoku cloud indicator, it would turn trend to bullish. Currently and as long as price is inside the cloud, trend is neutral.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback