EUR/USD: Bullish momentum

Check out our message of this morning on EUR/USD on tradingview, we were already seeing a bullish setup.

ichimoku 07.01.2016 EURUSD

If you check the Daily chart, you will see that prices seem to hold above the TS @ 1.08525 which is an indication that the bearish previous candles might fade.

H4 shows that there is a Twist which is very close, a very thin aera where prices could easily go through. Nevertheless, the LS still has a triple resistance to cross (prices, LS, and KS).

H1 shows that the LS just crossed its own KUMO, validating the bullish momentum. Prices will have nevertheless to cross the previous SSB in order to fully confirm the move.

M15 shows that prices were trapped between KS and LS but were eventually supported by KS.

Should the hourly candle close above 1.08630 we will have a clear indication of bullish momentum.