EURUSD technical chart using Ichimoku Kinko Hyo indicator | 10-Oct-2011

Below is the technical chart of EURUSD using famous Ichimoku Kinko Hyo indicator. You can also read more about this indicator under tutorials section of this website.

.Like Gold and silver, EURUSD is also trading near / inside kumo. Take buy call, if it closes above 1.34280. Wait till then. It’s simple strategy. One should not take any position, if the price is trading inside kumo – the cloud.