28.04.202216:20 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for April 28, 2022.

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EURUSD remains in a bearish trend making lower lows and lower highs. There is no change in our view as price continues to trade below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator).

The tenkan-sen resistance in the 4 hour chart is found at 1.0563. Current price action justifies a bounce towards that level. Breaking above 1.0563 will open the way for a move higher towards the kijun-sen at 1.0658. Cloud resistance is found at 1.0850. As long as price is below that level, short-term trend remains bearish.

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