EURUSD is in bullish mode in the Daily chart according to the Ichimoku cloud indicator. EURUSD is trading above the Kumo and has provided a bullish cross by the tenkan- and kijun-sen indicators. As long as EURUSD is trading above 1.1020 trend is bullish.
A bullish cross of the tenkan-sen (red line) above the kijun-sen (green line) has been recently given. Price is above the Kumo. This is also bullish. The Chikou span (black line) is also above the price and the cloud, also bullish. The Kumo is blue (positive). All signs point to more upside in EURUSD. Support is at 1.1090-1.1075. A pull back as a back test should not be ruled out. However we still prefer to buy on pull backs to minimise risk.
