FX.co ★ Ichimoku cloud indicator analysis on EURUSD for July 15, 2021.

EURUSD is trading at 1,18 after getting rejected at the 1.1850 cloud resistance area. Short-term trend remains bearish as long as price is below the low.

EURUSD is trading below both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). This resistance is found at 1.1825 and the next by the Kumo (cloud) is at 1.1845-1.1850. Bulls will need to recapture at least 1.1845 in order to confirm trend change. By breaking above the 4hour Kumo, we will have the first important reversal warning.