Short-term Ichimoku cloud indicator analysis of EURUSD for July 7, 2020

EURUSD remains in a bullish trend according to the Ichimoku cloud indicator as price is above the Daily Kumo (cloud). In our previous analysis we noted the importance of the 1.1285-1.13 area. This was once resistance and is now support. EURUSD continues to trade above the kijun-sen (yellow line indicator) confirming short-term momentum is bullish. […]