The weekly Ichimoku cloud twists near 1.0500 in July

Cloud twists tend to attract

EUR/USD has effectively traded a 1.05-1.10 range this year

Push just over peak of the range has encouraged more traders to buy

Pair below 1.1000 - traders longer, pair reverting to range

Volatility has sunk towards 2023 low - one month EUR/USD 7.1

Loss of momentum should influence traders to book profits

This is a good time to hedge the risk of a drop