EURUSD remains in a bullish trend according to the Ichimoku cloud indicator in the 4hour chart. Price turned lower following Friday's decline and touched the 4 hour Kumo (cloud). Price tested the upper cloud boundary and is now bouncing higher above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Bouncing off the cloud support is a bullish sign. Price is breaking above the 1.0857 resistance by the two indicators and this is also another bullish sign. The Chikou span (black line indicator) is trading above the candlestick pattern after testing it successfully. The Chikou span confirms we are in a bullish short-term trend. Bulls do not want to see price break below today's lows.
