FX.co ★ EUR/USD

Hello. EURUSD - Forecast. The market price of 1.17548 is within the Ichimoku cloud. Upon detailed analysis of the signals, we can see a Tenkan-Sen line crossing at 1.17515, which moves above the baseline Kijun-Sen at 1.17415, indicating a buy signal. It is already possible to buy on the crossover, but considering the presence within the cloud, it may sometimes become a significant obstacle for a rising market. This is because the market is below the Senkou Span B line at 1.17630, which acts as a strong resistance. This line is the strongest in the Ichimoku indicator with a period of 52. There is another line, Senkou Span A at 1.17532, which is below Senkou Span B; both of these lines form the Ichimoku cloud. As long as the cloud is not penetrated by the seller, I see this asset as rising. It is advisable to wait for a breakout from the cloud before making purchases, as they will become much stronger once outside the cloud.