Currency pair Euro to US Dollar EUR/USD finished the trading month at the level of 1.1854. 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 pair EUR/USD is expected to fall near the level of 1.1500, from which it is expected to try to grow and develop the bull tendency on the pair with the target of growth near the level of 1.2260. Earlier, we received a weak signal for buying of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.0781.
Euro Dollar forecast EUR/USD for August 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 pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.0780, 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 1.2090.