Ichimoku cloud indicator analysis on EURUSD for June 8, 2022.

The EUR/USD Pair Maintains The Bullish Sentiment

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.

Exchange Rates 09.06.2022 analysis

 

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.

 

Read more: https://www.instaforex.eu/forex_analysis/279279

The EUR/USD Pair Maintains The Bullish Sentiment

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand instaforex.eu, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). InstaForex.eu has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex.eu is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds.

InstaForex.eu offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at: www.instaforex.eu

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.44%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.