EURUSD although is trading inside the Kumo the bullish scenario remains the primary one as price has moved above key resistance levels. We use the Ichimoku cloud indicator to find more points of interest.
Resistance at 1.18-1.1820 is key. Price is above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Support by the tenkan-sen and kijun-sen is at 1.1760. Next key support by the Kumo is at 1.16, while resistance by the upper cloud boundary is at 1.1870. The tenkan-sen is about to cross above the kijun-sen, the Chikou span (black line indicator) is challenging the past candlestick body which is now resistance. This confirms our view that 1.18-1.1820 is key resistance. As long as price remains above 1.1760 we remain optimistic for a move towards 1.21.The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.