EURUSD: Kumo cloud captures E/U in it to set bullish case.

Last week, when E/U broke 1.0800 and test 1.0700 level, I hoped it would quickly fell to 1.06 and more, but unfortunately, E/U bounced from 1.0700 at Kumo cloud and now stands at1.0900

Clearly, Kumo created a strong support and captured E/U in it.

Fundamentally, the bid of Eur is contributed by demand for safe haven currency.

I think this demand would continue next week and bet on the rally of EURUSD to key resistance at 1.1050