EUR / USD
Yesterday, the zone of accumulation of important supports (1.1545-72 the lower boundary of the weekly cloud + the weekly Tenkan + day cross) confirmed its strength and significance again. The players on the downside cannot continue to decline, while rivals insist on the development of an upward movement. In the event of a victory in the confrontation, the main task for the players will be to break the day cloud (Senkou Span B 1.1680) and overcome the resistance of the monthly and weekly halves in the zone of 1.1708-50.
The wide support zone for the high-level levels (1.1545-72) and the H4 clouds did their job. The braking was delayed, while the players on the upgrade even managed to restore some of their advantages. In the case of strengthening of bullish sentiments, interests will be shifted to important levels of resistance of the high seasons (1.1680 - 1.1708 and targets for the breakdown of the H1 cloud (1.1688 - 1.1705).The support force (1.1545-72) and the cloud of H4 can now hold back the development of events.The lack of new bullish achievements and the duration of braking will increase the chances of returning bearish sentiment and a new test of the support zone (1.1518-72).
Indicator parameters:
All time intervals 9 - 26 - 52
The color of indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chinkou is gray,
Clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
The color of additional lines:
Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
Horizontal levels (not Ichimoku) - brown,
Trend lines - purple.
The material has been provided by InstaForex Company - www.instaforex.com