Currency pair Euro to US Dollar EUR/USD is trading at 1.1807. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro/Dollar. The EUR/USD is expected to fall to the level of 1.1750, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level of 1.1960. Earlier, a strong signal was received for buying of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1695.
Euro Dollar forecast EUR/USD on August 2, 2017
An additional signal in favor of the bullish trend will be a test of the support area. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.1620, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1920.
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