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23.02.2022 03:52 PM
Ichimoku cloud indicator analysis on EURUSD for February 23, 2022.

EURUSD remains in a bearish short-term trend according to the Ichimoku cloud indicator. Price is still below the 4 hour Kumo (cloud). Price is testing the lower cloud boundary once again today. Bulls need to break inside the cloud in order to change trend to neutral from bearish.

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The tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) provide support at 1.1340-1.1330. If price breaks below this support area, price will be vulnerable to a move below 1.1290. If bulls manage to push inside the Kumo, then we should expect price to test 1.1390-1.14 area. Bulls need to break above the cloud in order to provide a bullish signal.
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