EUR/USD WITH 50 DMA
EUR USD WITH ICHIMOKU CLOUD
- The first chart shows Eur/Usd reversal attempts combining with 50 DMA.
- White arrows show how the pair got sold off from the 50 DMA. The pair is doing a similar set up now.
- The second chart shows the resistance of the Ichimoku cloud. Even if the 50 DMA is taken out the cloud is looming large. Only a beak out and close above the cloud can be called as a valid reversal till then the pair will get sold off at every bounce.
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