Eurusd is trading around 1.0420. In Ichimoku cloud terms in the Daily chart price remains in bearish trend since mid February. Recently bulls tried to break into the cloud but they failed and we warned traders about this event. The rejection at the cloud resistance at 1.0750 was a sign of weakness. Price has broken below both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). The tenkan-sen is negatively sloped and can soon cross below the kijun-sen providing us with another bearish signal. The Chikou span (black line indicator) is also trading below the candlestick pattern confirming that trend remains fully bearish. After many years the technical picture of EURUSD around 1.05-1.03 remains weak and with increased chances of seeing parity.
