CapMoore

Price at Intraday Support. Levels to Watch

FX:EURUSD   Euro / U.S. Dollar
53 0 1
Price is holding on to the support by Kumo Cloud, Weekly
pivot point and the 3rd quartile, in a congestion that
started at the end of April. The white Kijun line holds resistance
currently. Price needs to break free of this trap. A close
above Daily R1 may propell price towards the initial target
at 1.15. A close below the Daily pivot point and thus entering
the cloud, may push price towards previous low/Daily S1
and further down the lower Kumo Cloud. Support on the
Daily timeframe stands at 1,1050 and 1,10.
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