EURUSD is moving in side trend after previous upward movement, while price is above 1.1360 Tenkan-sen and 1.1352 (2/8) it is likely that upward movement will be continued to 1.1475 (4/8). Current danger is staying above downward Kumo which may finished by bigger correction. If price declines below indicated level, correction will start and lead price to 1.1282 Kijun-sen and 1.1277 Senkou Span B. Only break below that last level will be a signal that a local high was reached and EURUSD should test 1.1100.
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A similar situation is at GBPUSD. Breaking above resistance 1.4375 Tenkan-sen isn’t a full buy signal because price is also above downward Kumo. However it isn’t preclude the continuation of increases to the line 1.1465 (5/8). Be careful because on that level trend reversal may be very sharply. On the other hand, good data from US will cause test Kijun-sen and Senkou Span B 1.4289-1.4257.
Uptrend at AUDUSD stopped at 0.7690 (8/8) line. If 4 hours candle close above that level further direction of movement will be up to 0.7812 (8/8) line. On the other hand, because price is still below 0.7678 Tenkan-sen we can’t exclude that Aussie will test first 0.7610-0.7600 support zone.
