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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.¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.