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Bullish breakout in EURUSD | Technical Chart | 15-June-2012

 Below is the technical chart of EURUSD, on H4 time frame, with Ichimoku kinko hyo indicator.

Bullish breakout in EURUSD | Technical Chart
Bullish breakout in EURUSD | Technical Chart


After a long time, EURUSD started trading above kumo, along with chikou-span (CS0 line. That gave clear bullish breakout signal. One can buy this currency pair with a stop loss of 1.2555.

Below 1.2509 is a clear sell signal. Watch these levels carefully.

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