EURUSD is trading inside the Daily Kumo so far. Friday's bearish price action pushed EURUSD inside the cloud turning trend to neutral. Price reached the tenkan-sen (red line indicator) which is the first key short-term support level at 1.0890. Today price is bouncing off the tenkan-sen support. Bulls would like to see price close above the Kumo. This would turn daily trend to bullish. The kijun-sen (yellow line indicator) provides the next key support level at 1.0823 in case see a close below the tenkan-sen. The Chikou span (black line indicator) is trading above the candlestick pattern (bullish). The tenkan-sen has crossed above the kijun-sen and both remain below the current market price. EURUSD remains support with higher chances of moving back towards 1.10. A close below the tenkan-sen will be a bearish sign.
