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EUR/USD Weekly Forecast – ranging near and above Ichimoku cloud for direction

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by , 01-21-2024 at 09:00 PM (82 Views)
      
   
The ECB policy meeting on Thursday is the ideal place for central bank President Christine Lagarde to start to outline a rate cut timetable.


The daily price is located above Ichimoku cloud in the bullish area of the chart. The price was bounced from 1,1139 last monthly high resistance level to below for the secondary correction to be started. price is testing 1.0882 support level to below for the possible bearish reversal to be started. Alternatively, the price will be on ranging to be near and above Ichimoku cloud waiting for the direction of the primary daily bearish reversal or for the strong bullish trend to be continuing.

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