FX.co ★ EUR/USD

Good day. EURUSD – Market situation. The currency pair is trading at 1.13879, located below the Ichimoku cloud. A crossover of the Tenkan-sen line at 1.13857 is observed, which is positioned below the Kijun-sen line at 1.14101. This crossover has generated a sell signal. Overall, the indicator is showing a very strong sell signal; based on this data, look for an entry point for a sell. I will hold the short position until a reverse signal appears. The reverse signal will occur when the cloud is broken upwards and the market consolidates above it, or you can take an early signal when the Tenkan line crosses above the Kijun. The Ichimoku cloud consists of the lines Senkou Span B at 1.14215 and Senkou Span A at 1.14109, which currently act as strong resistance levels. The closer the market approaches them without entering the cloud, the more favorable the selling point becomes.