EURUSD H1: The Ichimoku Forecast for the American Session on 25.3.2025
The current situation
Let's look at the main components of the indicator and their current values:
The price is above the Tenkan and the Kijun lines. It may indicate an upcoming shift in market direction.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
The Chikou line is now below the current price.
Trading recommendations:
The dynamic support level is on the Tenkan line, around the 1.08032 mark.
Dynamic resistance levels are located on the Kijun line, near the 1.08129, the SenkouA line, at the 1.08332 mark, and the SenkouB line, near the 1.08479 mark.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.