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EURUSDTechnical Analisys

17 May 2018

EURUSD

Based on Ichimocu system it can be observed that the price is below the cloud the kijun sen and the tekan sen seem to be in a bearish formation. The chikou span appears below the price.

The picture here seems to be bearish for the moment.

Other clues here that may state a bearish momentum are the clolor of the cloud Red and the slope of tekan sen.

Now based on the Ichimocu system we would like to see here is the possibility of the price to bounce on the tekan sen start looking for any potential signals.

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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

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Marios Athinodorou

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