Forex analytics: EUR/USD, H4
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they start to turn sideways. Chinkou Span line is below the price chart; current cloud is descending. The pair is trading within the downward trend and is moving towards the level of 1.0575. The closest resistance level is Tenkan-sen line (1.0713).
On the daily chart Tenkan-sen line is also below …