Relevance up to 14:00 2022-06-10 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
EURUSD is trading around 1.0737. Price remains below the Kumo (cloud) in the Daily chart, thus trend remains bearish. Price however has managed to climb above the tenkan-sen and kijun-sen indicators. Support by the tenkan-sen is at 1.0707 and by the kijun-sen at 1.0568. As long as price is above these levels, bulls have hopes for a move higher to break into the cloud. A trend change according to the Ichimoku cloud indicator will happen on a break above the Kumo (cloud) at 1.0920. Until then bears remain in control of the medium-term trend.
