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:

For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

About the Author Manesh Patel