EURUSD is trading around 1.0960-1.0970. Short-term trend is bullish as price remains above the 4 hour Kumo (cloud). Price recently tested the cloud support and bulls respected it. Price continues making higher highs and higher lows. As long as price holds above the Kumo bulls will remain in control of the trend. Cloud support is found at 1.0890. Bulls need to defend this level and not let price break below it. Until then they will continue to have the upper hand. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). So far there is no sign of a trend reversal.
