FX.co ★ EURUSD tests cloud support.

EURUSD had a volatile day yesterday with price falling towards 1.1375 and then moving to new higher highs at 1.1495. However bulls were not strong enough to keep prices that high and eventually EURUSD rolled over back to 1.1427.

Today price tested yesterday lows where we find the 4 hour Ichimoku cloud (Kumo). Price so far seems to be respecting the cloud support. Resistance is at 1.1433 where we find the kijun-sen indicator. Breaking above this level will be a bullish sign. Until then, bulls do not want to see price break inside the Kumo (Cloud). Cloud support is at 1.14.