Still downtrend on the eurusd which continues from January 2018.
All indicators indicate continued declines. (Ichimoku, Moving average).
If you focus on the technical analysis of the Japanese candles you can see in the daily graph that the recent increases came after a hammer candle which usually indicates a trend change and this did not happen throughout the period of declines.
Our proximity to the support line strengthens the buying signal.
Target: 1.1220
All indicators indicate continued declines. (Ichimoku, Moving average).
If you focus on the technical analysis of the Japanese candles you can see in the daily graph that the recent increases came after a hammer candle which usually indicates a trend change and this did not happen throughout the period of declines.
Our proximity to the support line strengthens the buying signal.
Target: 1.1220