EUR / USD
The players on the decline confirmed their desire to continue the decline. Supports noted earlier on 1.1508-15 (minimum extremum + weekly Senkou Span B) and 1.1447 (monthly Kijun) were left behind. As a result, they are now acting as resistance. The nearest guide for the bears in this situation is the area of 1.1215 - 1.1186 (historical level + monthly Fibo Kijun), then the interests will move to the landmarks of the weekly goal for the breakdown of the cloud.
The downward trend is now in priority. The goals of the junior timeframes have been worked out for a long time, the levels of the older time intervals now serve as a downward reference. In the case of the development of an upward correction, the resistance H1 (1.1410-20) will enter the work first, then the important level is 1.1447 (Tenkan N4 + monthly Kijun), but the most important accumulation of resistances is now concentrated around 1.1510-30 (Fibo Kijun H4 + cloud H1 + levels of the senior half-times). The fastening above 1.1530 will change the balance of power not only in the lower half periods, but will also return the daily short-term advantage to the players for promotion.
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