The currency pair Euro Australian dollar EUR/AUD is trading at 1.4197. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the Euro Aussie dollar pair. It is expected to test the area of signal lines near the level of 1.4130, from which it is expected to try to grow and develop the bullish trend for this pair with the purpose of increasing the level of 1.430.
Ichimoku Kinko Hyo forecast EUR/AUD on March 27, 2017
Earlier, a weak signal was received for the purchase of the pair Euro Australian dollar, due to the intersection of the signal lines at the level of 0.7690. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.3990, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations EUR/AUD stands with the breakdown of the local maximum area at 1.4220.
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