Ichimoku cloud indicator analysis on EUR/USD for June 26, 2018.

UR/USD got rejected yesterday at the 61.8% Fibonacci retracement and pushed below short-term support at 1.1690. Price pulled back towards the lower cloud boundary and 38% Fibonacci retracement at 1.1640 and found support.

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The EUR/USD pair could be in the making of a higher low before continuing higher. Support at 1.1640 held and from current levels we can see a push higher. Key indicator for this scenario will be the RSI in our 4-hour chart. Bulls do not want to see the price of the RSI break the blue trend line support. If price breaks the blue TL, we should expect EUR/USD to move lower towards 1.1590.The material has been provided by InstaForex Company - www.instaforex.com