Technical Analysis – EURUSD neutral with support from Ichimoku cloud
Posted on July 1, 2015 at 7:21 am GMTThe intra-day bias for EURUSD has turned bearish after opening lower on Wednesday. Looking at the daily chart, prices are below the tenkan-sen line. Immediate support is provided by the kijun-sen line and the Ichimoku cloud. RSI is below 50 and this supports the downside bias. A strong move back into the cloud could see prices target the low of 1.0953. To the upside, a decisive move above the tenkan-sen line could push prices towards the June 18 high of [..]