EURUSD in a short term uptrend. Ichimoku analysis

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EURUSD Daily Chart Ichimoku

EURUSD H4 Chart IchimokuOn a daily chart we can see, according to our Ichimoku forex strategy, that EURUSD is still in a downtrend (green cloud). However we have been observing strong uptrend candlestick patterns.

On a H4 chart we see clearly the uptrend. It might be a good opportunity to open a buy position for a short term while EURUSD is still growing. Just beware of any reversal pattern that may bring EURUSD down.

 

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