EURUSD is trading around 1.09. Earlier today price was trading as high as 1.0967, while yesterday price was making new short-term higher highs at 1.0973. In Ichimoku cloud terms trend remains bullish in the 4 hour chart as price is still above the Kumo (cloud). The Chikou span (black line indicator) is above the candlestick pattern (bullish) challenging support at 1.09. The tenkan-sen (red line indicator) has been broken providing a first sign of vulnerability. The kijun-sen (yellow line indicator) provides support at 1.0881. Cloud support is at 1.0845-1.0780. It is important for bulls to defend the cloud support, otherwise we will get a sell signal.
