Short-term Ichimoku cloud indicator analysis of EURUSD for May 19, 2020.

EURUSD has reached as expected the Ichimoku cloud resistance at 1.0985 and got rejected. Price is turning lower forming a bearish candlestick pattern, confirming the importance of the Cloud resistance. On a daily basis trend remains bearish as long as price is below the Kumo. Breaking above the tenkan-sen and kijun-sen has led price to […]