CapMoore

Detailed Intraday Levels with Ichimoku

FX:EURUSD   Euro Fx/U.S. Dollar
60 0 0
Price has been consolidating within the kumo cloud after
failing to break above. Now instead working on a bearish
kumobreak. Support from here below the dailly pivot point
comes in by the Flag trendline and white Kijun line with
additional support by pivot confluence just below. A break
below may expose current lows around 1,2360. A close above
1,2530 is needed for H4 trend to turn bullish . It looks like price
wants to stay in Neutral/bearish territory for now, and with an
approaching Kumocloud wall, price is making a move lower to
avoid "stepping sideways" into bullish trend (trading above
kumo cloud). For bulls to work with is the Kumo/Kijun flat
(invisible) support level at 1,2480 and the bullish TK             cross
that appeared yesterday. Also note additional support at
1,2560 by long flat Senkou span (red line)
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