EURUSD has started the week with a slight pull back. After making a high at 1.0364 last week, price is now trading around 1.03. Short-term trend remains bullish and price continues to trade above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Price today has tested the tenkan-sen which provides short-term support at 1.0265. A break below the tenkan-sen will open the way for a deeper pull back towards the kijun-sen. Currently the kijun-sen support is at 1.0150. The 4 hour Kumo (cloud) provides support at 0.9972 and as long as price is above this level, short-term trend will remain bullish.
