EURUSD is trading around 1.0170 just above yesterday's lows. There was an attempt by bulls to push prices higher. EURUSD climbed above 1.02 but got rejected at the tenkan-sen (Red line indicator) resistance. Trend remains clearly bearish. In order to see a stronger bounce higher, price must break above the tenkan-sen at 1.0220. Next meaningful bounce target if resistance is broken, is found at the kijun-sen (yellow line indicator) at 1.0318. Bears remain in full control of the trend as long as price is below the Kumo (cloud).
