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Technical Analysis on EURUSD

03 May 2018 Marios Athinodorou

Based on the Ichimoku system, it can be observed that the price appears below the cloud. The lines Tekan Sen and Kijun Sen seem to be in bearish formation, and the Chikou span appears below the Kumo. In accordance with the Ichimoku signals here, it could be noticed that a Kumo breakout to the bear side seems to be active. If the price moves up to the Tekan Sen and bounces, then we could consider looking for potential signals.

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