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EURUSD Daily Analysis

21 March 2018 Marios Athinodorou

On the daily time frame, it could be noticed that the price seems to be out of the cloud and above of it. In addition to this, we may detect four clues of reversal. Precisely, the first clue seems to show the price entering inside the cloud. The second clue shows that the price broke the Tekan Sen and Kijun Sen, and it is below these two lines. The third clue might be considered as the Tekan Sen and Kijun Sen, from a crossover to the downside, seem to start forming a potential bear formation. The fourth clue might be indicated by the Chikou span, which seems to be inside the current price.

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