- Mixed trends in terms of Ichimoku, with a long term down trend continuing (below the cloud), a neutral market in the medium term time frame (at the Kijun Sen) and bullish in the short term time frame (above the Tenkan Sen). - The Chikou Span sontinues to favor negative momentum (below corresponding price activity). - 1st Time frame up trend continues in a strong rally off solid support at 1.13045 - Mean reversion back to the Kijun Sen at 1.1526 is now complete - The question now is - "Will this rally now suffice and will the sellers return?" - Importantly, there was a confluence of potential resistance at the Fibonacci 50% retracement target, the Tenkan Sen and the resistance level of 1.1465 but the buyers showed great strength to breakout above there with solid commitment. - There has been a small loss of commitment at the Kijun Sen with the EUR/USD unable to close above that level - It will be a crucial area and a bullish breakout above there could see a move to the 100% Fib target at 1.16282