EURUSD H1: The Ichimoku Forecast for the European Session at 13.3.2025
Technical
During previous trading sessions, the intersection of the Tenkan and Kijun lines, marked with a pink square, was observed on the EURUSD chart. This signal indicates a potential change in...
During previous trading sessions, the intersection of the Tenkan and Kijun lines, marked with a pink square, was observed on the EURUSD chart. This signal indicates a potential change in the downward trend.
The current situation
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The Tenkan and the Kijun lines are positioned above the current price. It indicates a negative market sentiment in the moment.
The dynamics of price movement over a longer distance is determined by the Kumo cloud, which is now colored orange. Thus, this signal prioritizes the upward vector of price movement in the future.
In the current market profile, the price has fixed below the Kumo cloud. The boundaries of the cloud form a dynamic resistance zone for the price.
The Chikou line, which displays the closing price with a lag of 26 periods, is above the current price.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 1.08830, the Kijun line, near the 1.09000, the SenkouA line, at the level of 1.08997, and the SenkouB line, around 1.08759.
The current situation
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The Tenkan and the Kijun lines are positioned above the current price. It indicates a negative market sentiment in the moment.
The dynamics of price movement over a longer distance is determined by the Kumo cloud, which is now colored orange. Thus, this signal prioritizes the upward vector of price movement in the future.
In the current market profile, the price has fixed below the Kumo cloud. The boundaries of the cloud form a dynamic resistance zone for the price.
The Chikou line, which displays the closing price with a lag of 26 periods, is above the current price.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 1.08830, the Kijun line, near the 1.09000, the SenkouA line, at the level of 1.08997, and the SenkouB line, around 1.08759.
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.