empty
 
 
15.08.2022 11:24 PM
Ichimoku cloud indicator analysis on EURUSD for August 15th, 2022.

This image is no longer relevant

EURUSD is trading around 1.0160. Price remains below the Kumo (cloud). Price today closed below the tenkan-sen (red line indicator) and right on top of the kijun-sen (yellow line indicator). As we mentioned in our last analysis, since price is below the Daily Kumo (cloud), we considered the bounce towards 1.03 as a counter trend move. We warned traders that a rejection at cloud resistance was possible. Price is challenging now key support at 1.0160. If Tuesday's close is below 1.0160 we could see more weakness over the next few sessions that can bring price towards 1.01 support. Resistance is found at 1.0255 and next at 1.0315.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback