Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud has reversed from ascending to descending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (1.0780). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.0849).

On the daily chart Tenkan-sen line is crossing Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud has reversed from ascending to descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.0750). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.0854).

On the four-hour chart the instrument is trading within the cloud. On the daily chart the instrument is trading within the cloud. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (1.0736) and Stop Loss at the lower border of the cloud (1.0838).