Sforex
Long

EURUSD: Kumo cloud captures E/U in it to set bullish case.

FX:EURUSD   Euro Fx/U.S. Dollar
172 1 2
Last week, when E/U broke 1.0800 and test 1.0700 level, I hoped it would quickly fell to 1.06 and more, but unfortunately, E/U bounced from 1.0700 at Kumo cloud and now stands at1.0900

Clearly, Kumo created a strong support and captured E/U in it.

Fundamentally, the bid of Eur is contributed by demand for safe haven currency.

I think this demand would continue next week and bet on the rally of EURUSD             to key resistance at 1.1050



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