Ichimoku EURUSD Currency (Forex): Where is it going? 6-4-10

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  • Ichimoku EURUSD Currency (Forex): Where is it going? 6-4-10

If you have been trading EURUSD long term, you are doing great.   It finally broke the consolidation pattern level and looks to now continue the trend.
 
Here is the weekly chart.  We have outlined the major support area based on the Ichimoku Weekly chart.   Notice, we are approaching the 1.1986 from 2005/2006.

Here is the daily chart.  All the Ichimoku indicators are very strong bearish.

Here is the 120 minute Ichimoku chart.  It clearly shows the breakout on the consolidation pattern:

Here is the 60 minute chart for all the day traders:

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