EURUSD yesterday reached the Kumo resistance in the 4 hour chart and got rejected. Bulls were unable to recapture the 1.06-1.07 price level. There was a brief trading period inside the cloud but the bearish turn had already began. Price started making lower lows and lower highs after topping at 1.0631.
FX.co ★ Ichimoku cloud indicator analysis on EURUSD for May 5, 2022.
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